Skip to main content

Pre - Market Analysis (4th Dec 2020)


  1. US markets closed Flat Yesterday.
  2. Dow Futures now are mildly positive.
  3. SGX Nifty is Trading near 13250.
  4. Markets all over the world are going through a Consolidation phase.
  5. Yesterday expiry was also very flat.
  6. Nifty moved within a range of 60-70 Points only the whole Yesterday.
  7. Bank Nifty is unable to cross 30k.
  8. 12200 seems a conjession zone for Nifty.
  9. If we get a closing above any of these levels.
  10. Then it is a confirmed Breakout.
  11. Yesterday Nifty Futures were Trading at 70 Points Premium compared to spot.
  12. Yesterday HDFC Bank corrected as RBI restricted then to issue credit cards due to which Bank Nifty corrected and which also had a slight impact on Nifty.
  13. If it was a negative news for HDFC bank it was positive for SBI cards as it gained 5%.
  14. Going by the data Market looks Bullish again.
  15. Today if we get a closing above Resistances then it would be apt to buy calls or sell puts.
  16. Another Important factor to note today is RBI Policy which is at 10 AM today.
  17. So Bank Nifty might be Volatile for 1 hour today.
  18. PSU Banks are outperforming private Banks.
  19. SBI was up 4% Yesterday.
  20. Nifty might Trade between 13110 to 13280today.
  21. stockmarketadvisory.in
  22. Question of the day by MR. Nikhil.
  23. What is Support and what is Resistance?
  24. Support, or a support level, refers to the price level that an asset (Stock , Index etc) does not fall below for period of time. An asset's support level is created by buyers entering the market. 
  25. On Wednesday Nifty made a low of 13000 and bounced back from there so for swing & short term traders who wish to go long can keep a Stoploss below 13k
  26. Resistance, or a resistance level, is the price at which the price of an asset meets pressure on its way up by the emergence of a growing number of sellers who wish to sell at that price.
  27. All time high for Nifty is around 13220 & Nifty has retraced many times from this level.
  28. So this is a Resistance 
  29. Closing below Support is known as Breakdown & Closing above Resistance is known as Breakout.

Comments

Post a Comment

Popular posts from this blog

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

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