Skip to main content

Stay Cautious ⚠️ (12th Sep 2023)



1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are slightly lower.
3. Gift Nifty is up 70-80 points.
4. Asian markets are mixed right now.
5. Well who expected such a phenomenal rally in the stock market.
6. In just 7 trading sessions from the low of 19250 on Nifty we have now breached 20k.
7. This is a staggering and beyond expectations kind of rally.
8. Nifty at 20k previously is much more different than Nifty at 20k now.
9. Previously,  few largecap stocks kept moving higher and the broader market wasn't participating much.
10. Now the star of the show is the broader markets.
11. Major number of stocks are now higher than the levels they were at previous 20k level on Nifty.
12. Now the major question arises is what next?
13. Markets rallying continuously almost 100 points a day without going down is a cause of concern.
14. When there are vertical rallies the fall as and when they come would also be vertical.
15. At least we should consolidate or there should be an intraday reversal to scare the weak Bulls out.
16. Always know that buyers do not take markets to higher levels , short sellers do.
17. As and when the party lasts its time to enjoy the party.
18. When there are signs of reversal , then we could consider changing the strategy.
19. One thing I'd like to advice is to stay in the market , the right opportunity would come.
20. I never expected such kind of rally in the markets but as I'm in the markets and not out of it I could benefit from the same.
21. Staying put and watching out from the boundary waiting for the right time is a stupid strategy. 
22. Nifty might trade between 19900 to 20200 today.
23. 19900 has the highest open interest in weekly options now.


Comments

Post a Comment

Popular posts from this blog

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
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more