Skip to main content

Pre - Market Analysis (29th April 2021)

  1. US markets closed a bit lower Yesterday.
  2. Asian Markets are Positive.
  3. Right now US Futures are higher by more than a percent.
  4. SGX Nifty is above 15k now.
  5. Just before a week we were below 14200.
  6. Now we are at 15000.
  7. Bajaj twins were the star of the show yesterday.
  8. At one point of time these both were up more than 7% each.
  9. Massive short covering took place in these 2 counters yesterday.
  10. This is a dream rally of about 800 Points.
  11. To be true I too didn't expect that Markets would rally so quick so fast.
  12. This rally is majorly triggered by short covering.
  13. Due to Covid Cases increasing , beds and oxygen problem many people went short on the Market.
  14. I was also one of my them and I sold Call options.
  15. But as Market didn't respect my opinion I exited and started selling puts.
  16. Many traders are stubborn and don't book losses even when they know they are wrong.
  17. These traders are still short on Market and they will be taken to cleaners by looking at the way our Markets are rallying.
  18. These is more short covering left and there are many people who are shorting markets even now.
  19. Well I agree that the Micro Environment isn't good and Economy is in poor shape but markets work differently.
  20. As long as there are problems and issues Bull Market continues.
  21. Market discounts the future projections now.
  22. So rather than looking at economy etc better to focus on what the Market is trying to say.
  23. Only in that way one would be profitable here.
  24. Those who are buying now Covid will soon be a history and we will back to normal after the 2nd wave.
  25. Plus earnings season has started with highly positive note and all the companies are coming out with fantastic results inspite of pandemic.
  26. Apple has reported a growth of more than 50% this is extraordinary considering pandemic.
  27. Nifty might Trade between 14880 to 15080 today.
  28. stockmarketadvisory.in


Comments

Unknown said…
On point analysis!Nifty gave a strong resistance around 15050!Must read blogs everyday before trading. Could be very helpful to know the direction to enter into trade.
29 April 2021 at 23:25
Anonymous said…
I love you😛
29 April 2021 at 23:34
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