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64. Pre Market Analysis - Feb 25 , 2021

  1. Yesterday Nifty and Sensex closed higher.

  2. Bank Nifty shot up 1500 points from intraday low which helps to both Nifty.

  3. Yesterday 11:40 A.M to 03:30 P.M markets halted due to glitch in NSE and NSE extended the trading hours to 5 P.M.

  4. Last one and half hour markets shot up due to the statement given by FM Nirmala Sitharam that all private banks can now be equal partners in development of the Indian Economy.

  5. Feb 3rd week it was profit booking and markets fell 5% to 10% in just 5 to 6trading sessions but yesterday markets recovered the 50% fall and thats why we said our Indian markets are always Fast and Furious.

  6. FIIs and DIIs were both on buying side yesterday and FIIs bought 28729 crores and it include the Bosch Ltd Block of 19.98m shares@ INR 29462 crores.

  7. Banking stocks may continue the bullish rally.

  8. Today Focus on Financial stocks and mainly Private sector banking stocks.

  9. Coming to global markets :- yesterday entire global markets traded negative due to the glitch in NSE and when our markets shot up and entire global markets turned positive.

  10. Yesterday US and UK markets closed higher.

  11. Currently Dow Jones , Nasdaq and UK futures are trading with positive bias.

  12. All Asian markets are trading at higher.

  13. SGX Nifty is up by 253 points as of now.

  14. Coming to India :- Today our markets may open with huge -up based on SGX Nifty and global markets clues.

  15. If markets opened with huge gap-up and it will continue the positive move today in the first hour and after that expect some little bit fall or consolidation then it will resume the trend in the afternoon session but markets will play very huge volatile as today is expiry day.

  16. Now we turned to pure bulls rally and any dip will be an opportunity to buy but be cautious with volatility .

  17. The One who is looking for support and resistances based on OI data :- Nifty had a strong resistance at 15k and if it breaks then it will rally more than 200 points in single day and support at 14,900 and 14,800.

  18. Bank Nifty broke all the major resistances on yesterday and next resistance at 36,500 and 37k and support at 36k.


All The Best , Trade With Discipline.

BONFIRETRADER

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