43. Pre Market Analysis - Jan 27 , 2021
After 4 months our markets fell 3 consecutive days.
Nifty fell 500 points and Bank Nifty fell 1800 points in 3 days.
Heavy weightage stocks like HDFC , Kotak Bank , Reliance and IT stocks fell badly.
Everyone was wondering about the fall but no one knows why marketing was falling.
Whenever market fell in the morning , max it will try to recovery in the afternoon session but it was not happened in the last 3 sessions.
The big reason for such kind of blood bath in our markers is the clash between India-China troops in Sikkim. This news was out on last Wednesday evening but we got to know this news on Monday afternoon.
It was purely an insider news, Always remember Cards will be shown by big players only at the last hour , till that everyone can play their games .
Big players already started booking their profits from Thursday morning itself(started their game) but small players like retailers are thinking with a hope that its an small correction and waited for long time for uptrend and loose money in this 3days fall because market didn't turned back to bulls(all small players lost their game). At the end of the time everyone realized that big players showed their cards on monday.
So from this point I think you people realized that in stock market big players will never loose their money , only the players who loose the money i.e., Retailers.
FIIs and DIIs were both on selling side as FIIs sold 765.3 crores and DIIs sold 387.76 crores.
Focus on Auto stocks today as the Government has approved scrappage policy , which will come into effect from April 2022 so its an good news for Auto stocks.
Kotak bank came with positive results but didn't came as per expectations so fall may continue in Kotak but L&T came with good results.
Today Axis bank , HUL , Bank of Baroda , Canara Bank , Marico , ICICIpruli are declaring their results.
Coming to global markets :- yesterday Dow was traded in lower and after markets closed Microsoft is up by 6% due to good results but still Dow Jones Fut trading at lower but Nasdaq is little bit positive.
Today is an important day for US , as today FED will announce a new policy and Apple , Tesla & Facebook are declaring their results and remember Apple , Tesla , Facebook , Microsoft are in top 5 in US 30.
All Asian markets are mixed.
Yesterday SGX Nifty touched almost 14k level and today opened at 14,200 and now trading at 14,130 and trading with very huge volatile.
Coming to India :- Today our markets may open with gap -down based on global clues.
We some good news and at the same time we have bad news also but our markets reacting to bad news so be cautious at every move.
If Nifty opened with gap -down then expect some short covering and if this not happen then our markets will continue the fall.
The one who is looking for support and resistance based on OI data :- any rally can expect above 14,400 and any fall can expect below previous days low and beware at 14k level.
Bank Nifty may fall if it breaks 31k and may go up if it breaks 31,500.
All The Best , Trade With Discipline.