Relentless Selling (18th May 2023)

1. U.S Markets closed significantly higher yesterday.

2 Right now , Dow Futures are slightly lower.

3. SGX Nifty is higher by 40-50 Points.

4. Asian Markets are mixed.

5. Yesterday was again a trending day.

6. It was a trending day towards downside.

7. Nifty opened around 15 points higher yesterday and Bank nifty around 100 points.

8. As soon as Markets opened there was a relentless selling.

9. Nifty from 18300 dragged down all the day close to 18100.

10. Last 30 Mims there was some recovery due to short covering.

11. India VIX closed flat yesterday.

12. The kind of Volatility it was yesterday, VIX isn't reflecting the true picture.

13. As soon as Markets are coming to the flag end of May month, Volatility has shot up.

14. It's advisable to keep your Positions as light as you can.

15. Do not sell naked options in such environment.

16. Always use risk defined strategies to gain edge in such market conditions.

17. Expect some sort of support near yesterday's low.

18. 18100 to 18300 is the current range for Nifty now.

19. Bank Nifty looks stronger of the two indices.

20. When we compare between Nifty & Bank nifty.

21. I somewhere have a gut feeling today that we might have a trending day upwards

22. Least to least don't expect yesterday's low of be broken today

23. Nifty might trade between 18100 to 18300 today.

24. stockmarketadvisory.in

Comments

Pre - Market Analysis (30th Jan 2022)

1. U.S Markets closed higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't

Pre - Market Analysis (3rd November 2022)

U.S Markets closed lower Yesterday. Right now Dow futures are higher. SGX Nifty is down 150 points. Asian markets are lower. Yesterday there was a Fed event in U.S Markets. General expectations were an increase of 75 basis points Exactly the same happened and at 11.30 markets recovered sharply from lows Then at 12 as Fed governer started speaking , it was a complete Hawkish statement. This induced lot of volatility and also selling pressure. U.S Markets closed at the low point of the day. Dow Jones fell 500 points. Although all this happened, U.S VIX didn't shot up It stayed flat. HDFC Bank ADR was down 2% yesterday. This could bring pressure in Bank Nifty. However I feel yesterday was an over reaction in U.S Markets. Markets should stabilize from today. 18000 is a strong support for the day. Previously as well many times Nifty went above 18k but couldn't sustain. Nifty might Trade between 17900 to 18150 today. stockmarketadvisory.in

Pre - Market Analysis (2nd Feb 2022)

1 U.S Markets closed lower Yesterday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is down 150 Points. 5. Yesterday was the Fed event in U.S 6. It was expected that they would raise rates by 25 basis points. 7. The same happened yesterday and in spite of that Markets crashed yesterday. 8. Yesterday was a highly Volatile day. 9. Markets were all over the place yesterday. 10. Before the budget , markets were higher. 11. During the budget , markets were flat. 12. After 1 pm markets were at the peak of Volatility. 13. Bank Nifty was down 1000 points by 2.45 pm. 14. In next 30 minutes it recovered all of its losses. 15. The budget was neither good nor bad. 16. The income tax slabs have been revised but also the insurance benefit has gone. 17. All the Insurance companies crashed yesterday. 18. This is a structural change coming out of budget now. 19. Adani stocks crashed yesterday. 20. So clearly there was valuation over hang which is gettin

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