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FIN Nifty Expiry !! (18th July 2023)

1. U.S Markets closed slightly higher Yesterday. 
2. All the indices closed higher.
3. Nasdaq specifically outperformed Yesterday.
4. People are shifting money towards IT Stocks because they seem to be finding more value in them in the current market conditions.
5. Asian markets are higher.
6. Gift Nifty is up 30-40 Points.
7. Yesterday the talk of the town was HDFC Banks results.
8. Hdfc bank just before results fell 7-8%.
9. After results hdfc bank witnessed huge short covering 
10. Bank Nifty went up 800 points from the days low 
11. Bank Nifty crossed its decisive level of 45000.
12. Both the Nifty and Bank nifty have again hit a fresh all time high Yesterday.
13. This is a fabulous rally in our Markets.
14. This rally has happened when nobody believed it to happen.
15. During the Adani fiasco I was heavily bearish on the markets for next 6 months.
16. Markets went down in heaps immediately after the Adani Saga but had recovered even much faster later on.
17. I still know many people who are sitting on huge cash waiting for a crash.
18. Well , I'm not a predictor and I definitely wouldn't like to predict.
19. I just trade by following my levels and I think it's better if you keep your Analysis simple.
20. FII's & DII's didn't buy much Yesterday.
21. Both were net buyers but combined buying was only 150 crores or so 
22. Reliance is close to its all time high of 2817 level.
23. Once this level is crossed out then Reliance could easily shoot higher taking Nifty higher.
24. Both hdfc bank and Reliance are in an upswing now 
25. Today we have fin Nifty expiry and you may get a dip today.
26. There's high chances of it.
27. Any dip close to 45k on Bank Nifty and 19600 is a great opportunity to enter and ride the trend.
28. Nifty might trade between 19580 to 19800 today.


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Pre - Market Analysis (30th Jan 2022)

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Pre - Market Analysis (13th October 2022)

U.S Markets closed mixed Yesterday. Dow futures are slightly higher right now  Asian Markets are mixed. Indian Markets are highly volatile between 16750 to 17400. Within this range markets have been making wild swings. Yesterday Nifty did retest 16950 and bounced back sharply from there. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day. Today we have weekly expiry. Generally weekly expirys are volatile. 16950 to 17200 is the range for expiry. In case if we break any of the levels then we might get a larger move during the day  HDFC Bank will be delivering the results this weekend  Banking stocks are expected to deliver good results  Yesterday both the IIP and Inflation data came at negative. Inflation rose to 7.4% and Production also has recuced. So it's a double whammy on both fronts . Next leg of move will be decided by the results of the company's. Until then market is likely to stay sideways. Nifty might Trade between 16950 to 1

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.