Reversal from 18400 (24th May 2023)

1. U.S Markets closed lower Yesterday.

2 Right now , Dow Futures are slightly higher.

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

4. Asian Markets are mixed.

5. Yesterday was a reversal day.

6. Not exactly a reversal day , it could be termed as a profit booking day

7. Majority of the profit booking happened in the final 30 minutes.

8. Nifty fell 70 points from the day high.

9. Bank Nifty closed slightly negative.

10. Weighted average rates of the last 15 minutes are taken during closing.

11. Hence it's showing a better picture than what exactly is reality.

12. 18400 could be a double top for this expiry.

13. As of now , the current picture shows the same.

14. Bank Nifty is underperforming Nifty since many trading sessions now.

15. Current range for nifty is between 18200 to 18400 now.

16. Bank Nifty is facing stiff resistance at 44100 levels.

17. Twice now , it has reversed from 44100 levels.

18. Volatility is a bit high in the final week of expiry.

19. U.S VIX inched 8% higher yesterday.

20. High Probability that India VIX could go higher today.

21. Nifty might trade between 18250 to 18400 today.

22. 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)

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

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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