Consolidation !! (5th Oct 2023)

1. U.S Markets closed higher yesterday.

2. Right now U.S Futures are lower.

3. Gift Nifty is down 20-30 Points.

4. We are going to open close to 19430 today on Nifty.

5. Asian markets are all trading mixed.

6. All the U.S Futures are trading in Red right now.

7. Yesterday our Markets broke important support of 19500.

8. As soon as 19500 was broken , markets kept going lower and lower.

9. Markets finally found support near 19350 and showed signs of recovery.

10. Last 1 hour Markets recovered from lows and closed above 19400.

11. U.S VIX Crashed 6% Yesterday.

12. VIX crash indicates stability in the markets in coming time.

13. Bank Nifty almost went close to final support levels of 43800.

14. Bank Nifty held its major support of 43800.

15. Nifty is far away from major support of 19200.

16. 19200 was the October low on Nifty so its a major support zone.

17. Large caps have now started performing in the markets.

18. HDFC Bank which everybody was selling showed signs of bottoming out yesterday.

19. I find more value in large caps now than Mid and small caps.

20. 8-10% correction in mid and small caps would be a good opportunity to enter.

21. Nifty might trade between 19350 to 19600 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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