PRE MARKET REPORT, APRIL 13, 2021

US markets closed mixed as usual, Asian markets are trading firmly in Green SGX Nifty is slightly positive TCS came with good results, But IT stocks in US ADR fell more than what they fell in India DrReddy shot up 7% as Russian Vaccine is getting approval, DrReddy manufactures that vaccine Last time, Nifty took […]

PRE MARKET REPORT, APRIL 12, 2021

SGX Nifty is down by about 200 points without even any lockdown announcement by Maharashtra Potential lockdown in Maharashtra emerging as a serious risk Maharashtra is economically most important state in India Bank Nifty has fallen 14% from highs, beginning to price in risks Bank Nifty repeatedly halting at 100 DMA, looking very weak Nifty[…..]

PRE MARKET REPORT, APRIL 9, 2021

US markets closed higher, second straight day of record high closing for S&P 500 But Asian markets are struggling and mixed SGX Nifty crossed 15000 briefly and fell Yesterday late selling in Banking and Financials dragged the markets down IT stocks will be in focus as most of them will declare results next week Due[…..]

PRE MARKET REPORT, APRIL 8, 2021

US markets ended mixed with Dow and S&P 500 slightly higher and Nasdaq slightly lower Fed minutes indicated that accommodative policy will continue Here in India, RBI Governor came out with Indian style of QE Today Nifty future level to watch is yesterday’s high of 14950. There was huge addition of OI at 14800PE and[…..]