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152. Pre Market Analysis - July 30 , 2021

  1. Markets closed with a positive note on yesterday with a help of metal stocks and select financial and IT stocks.

  2. Where as Nifty gained 69.10 points , Sensex shot up 209.36 points and Bank Nifty climbed 158.60 points.

  3. FIIs continued the selling number as usual by tanking 866.26 points and DIIs bought 2046.96 crores which is big number in recent days.

  4. All metal stocks rallied more than 4 to 5% after China comments and Auto sectors falling due to many factors like semi conductor shortage etc... and Banking stocks are under performing except ICICI bank and SBIN.

  5. Today Britannia , Sunpharma , UPL are set to declare their results and also focus on TECHM which posted god number on yesterday.

  6. Coming to Global markets :- Last night U.S and U.K markets closed in positive and Currently Dow Jones , Nasdaq and U.K markets trading at lower.

  7. Most of the Asian markets are trading at lower .

  8. SGX Nifty is down by 77 points as of now.

  9. Coming to India :- Today our markets may open with gap-down based on SGX Nifty and global markets clues.

  10. We have witnessed this 5 week series of July with many wild moves but this complete month markets moved in wide range and if you are reading our pre market analysis then you wont surprise because we already said this range bound is going to continue for next few months and

  11. This month many options sellers made money but that is also less returns due to low IV and low VIX and its very hard for options buyers to survive in the market until and unless you master in scalping and Nifty & their premiums volatility also changed after changing the lot size so adopt all these things and move on, that is what we can only do.

  12. People thinking how markets will react from September but they don't know markets already changed their pattern and last July 5 weeks markets are in range bound that is an real witness for this change but still options sellers made less money due to low premiums and options buyers many people capitals got wiped due to this new pattern so as a options buyer , I can only suggest to learn scalping techniques rather than holding the positions.

  13. Coming to todays view , if today markets open with gap-down then expect some correction in the first half session and afternoon session we may see wild moves as today is Friday and so beginners stay light today if you didn't see any moves.

  14. Markets wont be bullish until Bank Nifty breaks 35k towards upside and Nifty breaks 15,822 to 15,900 area and also check Bank Nifty 34,500 which is yesterdays low and if it breaks then next will be 34238 and Nifty 15,706.


All The Best , Trade With Discipline.

Wishing You A Profitable Day.

BONFIRETRADER



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