Pre Market Analysis – 10th Nov 2021
Markets failed to carry the positive momentum ahead on Tuesday despite trading above 18034 for most part of the trading session with final tally ending with marginal negative terrain. The 18034 levels is considered very important pivot in fight amongst bulls and bears that we may see prices triggering wild downswing and breaking the support of expanding wedge placed at 17895, If there is a...
Pre Market Analysis – 8th Nov 2021
Markets for the week ended with gains but remained range bound as it struggled to sustain above 18034 despite positive global markets. The rebound has occurred after two week of consecutive losses and should be seen as a mere pullback. The Nifty has already activated major breakdown below 18034 with immediate target seen at 16500 in the near term. Thus, one should adopt caution in next few...
Pre Market Analysis – 2nd Nov 2021
Markets rebounded on Monday on back of positive sentiment amidst festival cheers with Nifty attempting to test crucial resistance of 18034 which it violated last week. The volume on Monday remained lower due to muted activity from FII but with BNY India ADR Index trading a mere 1.5% away from major breakdown, one needs to remain ultra-cautious despite optimism by domestic players. The Brent...
Pre Market Analysis – 1st Nov 2021
Markets for the week traded cautioys with Nifty declining by 2.5% mainly on back of aggressive selling by FIIs. The FIIs have been sellers worth Rs 46,000 crore in cash and future segment for the month of October. With Nifty violating 18,034 on closing basis and montly setup turning into bearish gravestone doji, Nifty has activated major downtrend and we can easily expect Nifty to slide...
Pre Market Analysis – 29th Oct 2021
Markets witnessed sharp sell off on Thursday after domestic buying failed to offset FII selling and Nifty failed to cross important resistance of 18377. The weekly bearish dark cloud cover in Nifty 500 index has finally taken toll on markets with Nifty surrendering & closing convincingly below 18034. With Bank Nifty plunging around 3.5%, the last pillar of strength has collapsed and we...
Pre Market Analysis – 28th Oct 2021
Nifty gave up gains in the later half of the trading session. Stock specific action continued with results result in full swing. With Nifty Midcap 100 index already breaching previous week low and activating breakout in historical volatility, we can expect upside to remain unstable and selling pressure to continue as long Nifty trades below 18377. With Nifty Midcap 100 index already breaching...
Pre Market Analysis – 27th Oct 2021
Markets recouped Monday’s losses for broader markets after Nifty sustained its crucial support of 18034 and Nifty Midcap and Small cap index ending higher by 2%. With Nifty Midcap 100 index already breaching previous week low and activating breakout in historical volatility, we can expect upside to remain unstable and selling pressure to continue as long Nifty trades below 18377. Results...
Pre Market Analysis – 22nd Oct 2021
Nifty has ended below its previous day low for the 3rd straight day, but a 180 point rally in the last hour of trade, suggests that the relief rally could continue on the index in today’s trading session. The Bank Nifty was a clear outperformer in yesterday’s session, it not only made a fresh all time high by rallying nearly 1.5% in the last hour of trade, but also posted the highest ever...
Pre Market Analysis – 19th Oct 2021
Markets extended gains on Monday by ending in green for seventh consecutive trading session and attempting resistance of 18,600. For the next few days, 18500-18666 is seen as a crucial resistance after Dollex 30 i.e. Sensex in USD terms has managed to close above its Septembers highs on Monday. On downside short term support is seen 18445 on closing basis. Earnings Today- ACC, Heildelberg...