Skip to main content

Pre - Market Analysis (6th September 2021)


  1. U.S Markets closed higher on Friday.
  2. Asian Markets are higher currently.
  3. Dow Futures are slightly down.
  4. SGX Nifty is Trading at 17380.
  5. SGX Nifty hit 17400 on Friday.
  6. I had mentioned on Friday to focus on Nifty and not Bank Nifty , Purely because of IT stocks outperformance.
  7. Reliance news came out of nowhere and it closed 4% higher.
  8. This move according to me shouldn't be taken lightly.
  9. Reliance from 2380 went to 1880 and now it's back again at all time highs.
  10. Reliance has the highest weightage in Nifty and if Reliance goes 10-15% higher from here.
  11. 18000 targets on Nifty open up.
  12. Bank Nifty on the other hand continues to underperform.
  13. Nifty by itself with the help of IT and Reliance is gaining momentum.
  14. Bank Nifty will participate in bits and pieces but not in the same order as Nifty.
  15. 17500 targets on Nifty are in sight now.
  16. 17200-17150 are strong support zones for Nifty.
  17. We are trading at all time highs so there are no resistances for the Market.
  18. Hence there is non stop rally.
  19. Friday as well Nifty gave a 100 Point dip Intraday close to 17200.
  20. These dips should be bought into.
  21. Not advisable to chase the Market after gap up.
  22. Wait for 60-100 Points dip and accumulate long Positions with Trailing stoploss of 17200 for a very short term.
  23. Nifty might Trade between 17260 to 17480 today.
  24. 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