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125. Pre Market Analysis - 11 June , 2021

  1. Markets Almost recovered the Wednesday loss on Thursday , Where as Nifty gained 102 points , Sensex rallied 359 points and Bank Nifty jumped 331 points.

  2. BAJAJ twins , SBIN and IT , Pharma and select FMCG performed very well.

  3. FIIs back to their place by pumping 1329.7 crores but DIIs tanked(sold) 575.19 crores.

  4. Markets are going with huge volatile on these days and mainly index options are too much volatile .

  5. If you are an options buyer then you need to keep wider stop loss on these markets .

  6. Nifty looks still bullish but remember we cant expect a big bull rally in Nifty until we get action from Bank Nifty so until that Nifty will go with buy on dips .

  7. Coming to global markets :- Last night U.S markets closed at higher after they came up with inflation data and U.K markets closed at lower.

  8. Currently Dow Jones , Nasdaq and U.K futures are trading at flat.

  9. Most of the Asian futures are trading at lower.

  10. SGX Nifty is trading at flat with a gain of just 19 points.

  11. Coming to India :- Today our markets may open with flat based on SGX Nifty and global clues.

  12. With weak global clues Chasing gap-up is not a good sense for us and we may see some fall after opening our markets but our markets are still bullish so any minor fall will be an opportunity to buy so expect the same buy on dips markets by today.

  13. Also on these kind of markets its really good to go for individual stocks rather than trading on index so one more day for stock specific day ,its better to focus on individual stocks and make money.

  14. Today is an Friday so we may see some Algo moves in index with less volatile and carrying overnight positions not a good sense .

  15. Bank Nifty is still struggling to move upside due to lack of support from weightage stocks like HDFC Bank , Kotak Bank , ICICI Bank , Axis Bank and also facing multiple rejection from 35,500 and 35,715 until it breaks with huge volume Bank Nifty may consolidate or under perform.

  16. The one who is looking for support and resistances based on OI data and chart analysis :- Nifty 15,800 is the ATH so chances of reversal is more from that level and support at 15,690 and 15,637.

  17. Bank Nifty had a crucial levels for upside 35,500 and 35,715 and support at 34,787.

All The Best , Trade With Discipline.


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