Reversal from 18250 !! (8th May 2023)

1. U.S Markets closed higher on Friday.

2. Right now Dow Futures are slightly lower.

3. SGX Nifty is up 20-30 Points.

4. Asian Markets are mostly lower.

5. Friday was a complete roller - coaster day for the Bulls.

6. Market opened with positivity but then selling started.

7. The selling was so severe that Nifty broke 18200 and went all the way to 18100 within an hour.

8. Such was the intensity of the selling.

9. One Positive thing about Fridays action of U.S Markets is the collapse of VIX.

10. U.S VIX collapsed 14% on Friday.

11. It was going up aggressively before Friday.

12. On Friday , INDIA VIX also jumped higher by 5%.

13. HDFC twins along with Indusind Bank were responsible for this collapse on Friday.

14. Rest of the market was pretty ok.

15. During the day , it felt as if FII's were the one who were booking profits.

16. To my surprise , FII's were net buyers for 700+ crore.

17. DII's have sold for more than 2000+ crores.

18. After the month of October 2021 , Friday was the first day in which DII's have sold more than 2000+ crore on a single day.

19. There have also been many rumours saying the HDFC twins selling was due to MSCI rebranding.

20. I sense there is truthness in this as the selling was so severe that both HDFC twins were lower by 5% each.

21. 18000 is the next big support for our Markets as 18k PE has the highest open interest.

22. 18250-18300 would be a huge resistance as Markets have reversed from this level.

23. Nifty might trade between 18000 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 (2nd Feb 2022)

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Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday. 2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets 6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks 11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff. 18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively. 20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

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