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34. Pre Market Analysis - Jan 11 , 2021

  1. It seems scaling record - high levels is a pretty normal thing for the market these days.

  2. FIIs back to game on Friday by pumping 6029.83 crores and DIIs sold 2,372.54 crores.

  3. All IT stocks made fresh record highs and Auto , Selected Fin stocks performed well.

  4. If Bank Nifty holds above 32k then we may see at ATH by this week.

  5. Nifty Fin service has been introduced to F&O and it is starting from today.

  6. Nifty Fin is an mirror of Bank Nifty so don't worry about the moves as both make same moves.

  7. There wont be much difference in Nifty Fin service because the stocks which is having high weightage in Bank Nifty , the same stocks was there in Nifty Fin .

  8. HDFC twins alone contributing 44% and ICICI bank 15% , Kotak Bank 12% and Axis bank 6% contributing in Nifty Fin .

  9. So majority of the weightage banking stocks are contributing more than 75% so expect the same kind of moves in Bank Nifty & Nifty Fin.

  10. Coming to other sectors - TCS came with good results and we are waiting for Infosys, Wipro , HCL tech and all those will be announced by this week only.

  11. HDFC Bank results will be announce on this Saturday.

  12. IT stocks results will decide our markets by next 2 weeks and we already knew those results will come in positive so expect bullish market only on coming days.

  13. But always remember continues one trend is always unhealthy for market because one profit booking day is enough to kill all the buyers so don't try to place the new long positions by seeing ATHs but its good for intraday players to play on any direction.

  14. Coming to global markets :- US markets closed higher on Friday and currently Dow Jones Fut trading 168 points lower as of now .

  15. All Asian markets are positive .

  16. SGX Nifty up by 60 points as of now.

  17. Coming to our markets :- Today our market will open in positive side based on SGX Nifty indication.

  18. People will try to diversify their money on New Index Fin Nifty so expect some whipsaw moves on other Indices today.

  19. Beginners play with small quantities today and try to observe the movement in new index and how it is going to impact on other indices.

  20. If our market opens with gap - up then dont try to chase it so expect some consolidation before any big moves.

  21. The one who is looking for Open Interest data :- Nifty may trade in between the range of 14200 to 14500.

  22. Bank Nifty had a resistance at 32300 to 32400 and any one with good candle above 32,400 can touch ATH and having a strong support at 32k so expect any fall if it breaks 32k.

All The Best , Trade With Discipline.


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