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68. Pre Market Analysis - March 05 , 2021

  1. Yesterday Nifty and Sensex closed lower due to weak global clues.

  2. Financial stocks , Reliance and IT stocks dragged Nifty .

  3. Yesterday Markets opened with huge -down and fell upto Wednesday low and some reversal pattern happened in the morning session on intraday moves and afternoon session some selling pressure happen.

  4. FIIs and DIIs were both on selling side as FIIs sold 223.11 crores and DIIs sold 788.19 crores.

  5. India VIX raised more than 9% in single day and last 1hr the way it spiked is an clear indication for bears moves.

  6. Raising US bonds yields and crude price and India Vix are very bad sign for our markets .

  7. The people who made money on last 3days in bulls markets and they might made some loss on yesterday because markets changed their pattern , markets are making very wild moves with huge volatility.

  8. Going with naked quantities is very risk on these kind of markets so better always trade with less capital unless and untill you understand the structure of market.

  9. Today Focus on Wipro as it acquires UK-based IT consultancy firm Capco for 1.45 billion dollars which by far its largest acquisition.

  10. Coming to Global markets :- Yesterday US and UK markets closed negative due to raise in US Bond yields .

  11. Currently Dow jones , Nasdaq and UK markets are trading at lower.

  12. All Asian markets are trading at lower.

  13. SGX Nifty is down by 245 points as of now.

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

  15. Always keep a eye on Dow Jones and SGX Nifty while watching our markets because those two key important role in our markets(our markets follow mainly those markets).

  16. Today markets may continue the bears move and we are sitting with many weak clues from global markets and FIIs selling number and Vix raise and all these are sign for bears market.

  17. If our markets open with huge gap-down then expect some little bit consolidation or short covering before going to continue bears rally.

  18. Today is Friday so we may see some less moves and premiums are very high so expect some wilds swings but todays markets as of now it is sell on rise markets so any rise will be sell off today and keep a eye on heavy weightage stocks like HDFC Twins , Reliance , Kotak Bank , ICICI Bank etc...

  19. The One who is looking for support and resistances based on OI data :- Nifty may fall it breaks 15k and any raise we can expect if it goes above 15,200.

  20. Bank Nifty had a resistance at 36,500 and support at 35,500 , if any of these levels breaks on any side they we may see some sharp on that side.


All The Best , Trade With Discipline.

BONFIRETRADER

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