Skip to main content

Pre - Market Analysis (18th May 2021)


  1. U.S Markets closed a bit lower Yesterday.
  2. Right now U.S Futures and Nasdaq Future's are trading higher.
  3. SGX Nifty is Indicating a big gap up above 15100 today.
  4. Yesterday we witnessed a fantastic rally in both the Indices.
  5. Nifty and Bank Nifty both have Outperformed highly.
  6. Bank Nifty in particular was the star of the show Yesterday.
  7. Bank Nifty closed 1300 Points higher Yesterday.
  8. It was a big short covering in all the Banking stocks.
  9. The short covering was led by PSU Banks.
  10. FII's were also short in our Markets previously and they are still net short on our Markets.
  11. This short covering took the indices even higher Yesterday.
  12. Today if we sustain above 15100 for an hour this short covering will increase further.
  13. 15000 has been acting as a big resistance from quite some time now.
  14. Sustaining above this level with follow through indicates further strength in our Markets
  15. Shorting is not advisable as of now.
  16. India VIX for the first time closed below 20 Yesterday.
  17. Even now FII's are short on our Markets.
  18. So there's a high scope of Short covering still existing.
  19. At one Point of time it was trading near 19.6 down 4%.
  20. 34000 is a critical level for Bank Nifty and the recent high was about 34300 for Bank Nifty.
  21. Once both these levels are taken the rally will intensify.
  22. Bank Nifty might continue to outperform today.
  23. Nifty might Trade between 14980-15180 today.
  24. stockmarketadvisory.in

Comments

Post a Comment

Popular posts from this blog

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

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