Skip to main content

Pre - Market Analysis ( 22nd June 2020)



  1. U.S Markets closed Flat on Friday.
  2. Asian Markets are Mixed with a Slightly Positive Bias.
  3. SGX Nifty is down 50 Points and Trading near 10150.
  4. On Friday , Large Cap Heavyweights performed Exceedingly well.
  5. Reliance alone contributed 65-70 Points rally on Nifty.
  6. Now , Reliance has doubled from the March lows in less than 3 Months.
  7. This is a Phenomenal rally in such a LargeCap stock like Reliance.
  8. This Weekend , Glenmark announced that it has come up with a Corona Virus Testing kit etc.
  9. Everybody is talking about Glenmark.
  10. Most of the Question in my Q&A session were on Glenmark Pharma.
  11. India China Border issue has been Stabilised now.
  12. Do not expect it to take the Center Stage in Markets now.
  13. On Friday , Honourable PM Modi spoke about our Economy.
  14. This led to more rally in our Markets.
  15. Large Cap Heavyweights are looking very Bullish on Charts and I expect the rally to continue further.
  16. The pace of rally might decrease now.
  17. Government has increased the prices of Petrol consecutively for past 15 days now.
  18. Crude Oil Prices inching higher is not good for our Economy.
  19. This is Still a buy on dip Market.
  20. In Spite of many Negative news we havent broken key support zones.
  21. This is a strong market that wants to give upwards.
  22. The idea should be to trade via Options and play for upside.
  23. 10300 is the Resistance for Nifty and once this gets taken out we may witness much higher levels.
  24. Nifty is likely to trade between 10080-10280 today.
  25. Bank Nifty is likely to trade between 21000-21740 today.
  26. Focus should be on Index Heavyweights, ( Reliance , Bajaj Twins , Icici Bank etc) they might Consolidate for some time now but will keep going in Uptrend.
  27. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
Post a Comment
Read more

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
Post a Comment
Read more

Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20.  stockmarketadvisory.in
Post a Comment
Read more