Skip to main content

Pre Market Report, Jan 29, 2021

 

  1. US markets closed higher.
  2. But it has given up half of the gains in last hour.
  3. Asian markets are mostly positive.
  4. SGX Nifty crossed 14050 yesterday night but now trading around 13970.
  5. Still this will be a gap up of more than 100 points.
  6. Nifty has fallen more than 1000 points intra month in Jan series.
  7. Bank Nifty has fallen more than 3000 points intra month in Jan series.
  8. Last month FIIs began with more than 75% long in F&O.
  9. This month it is only 62%.
  10. Markets are light going in to budget.
  11. Decissive direction will be set only after budget.
  12. For very short term, 50DMA of 13700 is a good support.
  13. Yesterday markets took support near 13700.
  14. Pharma stocks will be in focus as many pharma stocks will declare results.
  15. Moreover when overall markets are weak, pharma and FMCG tend to do well.
  16. Whenever huge selling happens in bluest of blue chip stocks like HDFC Bank and HDFC, the bottom is somewhere near.
  17. Yesterday I could feel that, at the same time, markets may not rally from here.
  18. Markets may consolidate, budget will be the next big trigger for markets.
  19. Today Economic Survey will be tabled, everything may look good.
  20. This is a bull market correction.
  21. So fast and furious.
  22. Selling Put options in most beaten down stocks is a good idea.
  23. Premiums are high due to India VIX spike, but must be prepared to take delivery if the price falls.
  24. One can look at HDFC Bank, HDFC, Reliance, Kotak Bank, etc
  25. This is just beginning of the series, Nifty 13000PE and 15000CE have highest OI among Puts and Calls respectively.
  26. So broader range for Nifty in Feb can be 13000 to 15000.
  27. Though FIIs have sold heavily, DIIs have bought for more than Rs 1500 crores.
  28. That is a good news for bulls.
  29. Many people will like to keep away from markets due to budget.
  30. Nifty future may trade vetween 13840 and 14050.

Comments

Post a Comment

Popular posts from this blog

STOCK CHART PATTERNS

  Stock chart patterns   are simply a visual representation of the prices buyers and sellers bought and sold at in the past. There is no magic in a chart pattern they just show you what happened in the past and what has a higher probability of happening in the future. The best use of chart patterns is to take a wider view of the trend on your time frame of choice and follow the path of least resistance.  A chart pattern can show that a stock is in a range with defined resistance and support. A chart could also show an uptrend of higher highs and higher lows or a downtrend of lower highs and lower lows. Stock chart patterns signal whether a stock is under accumulation or distribution or just trading in a defined price range.  The most popular use of stock chart patterns is for breakout trading signals as the probability increases of a move in a specific direction after a price breakout of a previous support or resistance. They are basically momentum indicators. The va...
Post a Comment
Read more

FLOAT IN STOCK MARKET

  Float in a stock is the number of shares of a company that is currently trading publicly on the exchange and is available for traders and investors to buy and sell. The stock float is calculated by taking a company’s total issue of outstanding shares and subtracting any restricted stock. Pre IPO investors, employees and founders can’t sell their restricted shares because they can be in a lock-up period for a time following the IPO usually between 90-180 days. Executives and insiders many times can also be restricted from selling shares around earnings announcement dates.  This occurs when an insider could have knowledge of information not public yet where the sale of shares could be considered insider trading in a legal sense. A company’s float is an important metric to show the liquidity of shares for a company. It can show the supply of shares on the open market and give a clearer view of supply and demand. Share float is the shares traded on the stock exchanges and price ...
Post a Comment
Read more

What is Smart Money Concept (SMC) in Forex & Gold Trading?

What is Smart Money Concept (SMC) in Forex & Gold Trading? Educational only. Not financial advice. Smart Money Concepts (SMC) explain how institutional order flow drives price. Instead of chasing indicators, SMC focuses on market structure, liquidity, order blocks, and imbalances to find high-probability zones—especially effective on volatile pairs like XAUUSD (Gold) . Why Retail Traders Get Trapped Obvious highs/lows gather stop orders (liquidity). Price often sweeps these levels, triggers stops, then reverses. Institutions use these sweeps to fill large positions . Core SMC Building Blocks 1) Liquidity – Pools of stop losses resting above swing highs or below swing lows. 2) Order Blocks (OB) – The last opposing candle before an impulsive move. A bullish OB is the last down candle before a rally; a bearish OB is the last up candle before a selloff. 3) Imbalance / Fair Value Gap – A fast move that leaves thin trading between candles. Price often revisit...
Post a Comment
Read more