WiseMan Trading

  Yesterday, as expected, markets were volatile. Until afternoon, it was trading stable. Then Trump announced that he will go to Supreme Court to stop counting of votes. Immediately Nifty fell 150 points and Bank Nifty fell 600 points. Within minutes, buying came, Bank Nifty shot up 700 points and Nifty 200 points. In the last half an hour, there was some cooling, but both Nifty and Bank Nifty closed in Green. US markets also went for roller coaster ride. US markets were higher. Asian markets are also higher. Yesterday night , Dow Jones closed 650 Points higher. SGX Nifty was around 12170 at that time. Currently Dow Futures are flat. SGX Nifty around 12080. U.S Elections have become a big drama Currently. Results have not come and still counting in underway. Trump was also leading Biden at one point. f that is an indication, it will be huge gap up. Even in US, Nasdaq out performed. So IT index is likely to out perform here. SBI posted good results Yesterday. Finally it seems the wo...

  US markets closed higher after few days of severe sell off. But US futures are lower now. After market ours, Twitter down 14%, Amazon down 2%, Apple down 4%, Alphabet up 7%. So you can imagine the kind of roller coaster ride US markets will go through. Asian markets are mostly negative following US futures. It seems that we will consolidate in the region 11600-11700 for next few days. Markets are expected to make a big move again after US elections. We have just 3 trading sessions before US elections. So there is bound to be lot of volatility. Expecting this move to the upper side , but will have to wait for confirmations. SGX Nifty is down slightly. That is because negative Global cues and selling by both FIIs and DIIs. FIIs have sold for 421 crores and DIIs have sold for Rs 253 crores. Crude Oil:  Oil prices fell more than 3 percent on Thursday, extending the previous day’s sharp decline on the potential impact renewed coronavirus lockdowns will have on oil demand. Brent c...

  We are coming to the end of October series. It is a 5 week series with corporate results. Usually this kind of series will be highly volatile. Nifty moved from 10800 to 12000 in two weeks and then consolidating between 11660 and 12025 with huge volatility. There were violent sell off in intraday many times. Even yesterday Nifty fell more than 250 points intraday. Bank Nifty in last two days, up 200, then down 500, then up 900, then down 900 and up 200. US and European markets fell more than 3% yesterday due to corona virus surge. FIIs have sold for Rs 1131 crores in Cash market. Considering the kind of fall in markets, this figure is not big. Markets got into panic mode when Europe fell drastically in the afternoon. Right now SGX Nifty is trading about 60 points lower. There will be more selling if Nifty breaks 11660. In US, VIX crossed 40. That is not a good sign for bulls. In last 15 minutes, Dow fell more than 200 points. Most European markets are trading at June level. Rememb...

  US markets closed higher. We will know the outcome of Stimulus talk in another few hours. But markets expecting a positive news. That is why Asian markets are higher. SGX Nifty is above yesterday's high. Yesterday IT stocks started moving higher. As expected HDFC Bank also did well. Reliance was the only drag in the market. If there is any short covering in Reliance, Nifty can kiss 12K. But markets can be volatile today. FIIs have bought for Rs 1585 crores. That is a huge buying for second straight day. DIIs have sold for Rs 1633 crores. Last two days alone, FIIs have bought for more than Rs 3000 crores. Oil prices fell on Wednesday after a surprise climb in U.S. crude stockpiles added to concerns about a global supply glut as a spike in global COVID-19 cases fuels demand fears and production returns in Libya. Govt may cap royalty payment to foreign partners of Indian companies Reliance Jio and Qualcomm Technologies have successfully tested their 5G mobile network in India, the t...

  US markets closed about 1.5% lower. But Asian markets are mostly flat with negative bias. That is because there seems to be some improvement in Stimulus talks. Nasdaq is down for last 5 days and Dow is down 4 out of last 5 days. So if there is any good news about Stimulus, US markets may move significantly higher. SGX Nifty is Trading Near Yesterday closing near 11850. The reason why SGX Nifty is flat despite a big fall in U.S Markets is Because Dow Futures are up by half a percent now. U.S Markets dont like Uncertainty , any market doesn't like Uncertainty. This is causing profit booking in Emerging Markets Due to Stimulus talks being halted theres a lot of Uncertainty going around. Here Reliance, IT Stocks are not doing well. Even HDFC Bank did not do well after results. Key results are already out, except Reliance. Reliance do not move due to results, it moves due to JIO & Retail news. SO we need a trigger to cross 12000. But that trigger may not come from locally. A stron...

  Pre Stock Market Report, October 19, 2020 US markets closed higher on Friday. But they closed much lower form intraday high. Over the weekend, Pelosi has set Tuesday as deadline for Stimulus talks. So hopes are reviving again on Stimulus front. Just as Narendra Modi did surgical strike just before elections and made majority in his Favour. Trump seems to be making stimulus as his weapon for Elections. So Asian markets are higher. SGX Nifty is up nearly 80 points. That is a big gap up. China data is mixed. Retail sales was up but GDP data is below street expectation. For last two trading sessions, both FIIs and DIIs were net sellers. IT stocks fell despite good results. Reliance broke 2200. These are negative news. On positive side, we have better Global cues. FIIs in F&O seems to have more longs than shorts. Since IT stocks and Reliance fell on back of news flow, we can say that had news has already factored in. For last few months, there were many sell offs. Intraday falls w...

  US markets closed lower. No significant improvement in stimulus talks. Since there are only 3 weeks to go for Election, people are so particular who will get the credit for the Stimulus. That is the main reason why Democrates and Republicans could not agree. Asian markets are mostly down. But SGX Nifty is trading around 12K. That is because of good results from Infosys. Infosys ADR is up 4%. Infosys was down 1% here yesterday. So it has potential to go up by 5%. But ADR may not be a good indication on results day. Yesterday WIPRO fell 7% but US ADR was down only 2%. It all depends on how much long or short are there. Yesterday IV has come down significantly and hence the Option premium in Infosys. Banking sector will be in focus. Yesterday it was a good short covering rally of more than 800 points from intraday low. But there was no verdict from Supreme Court on Interest on Interest case. Things are also not clear. Govt has already file affidavit. Supreme Court asked Govt why the...

 US markets closed higher. It gained more than what was lost in the previous day. Previous day, markets fell as Trump stopped Stimulus negotiation. But yesterday he was seeking many small aid packages specific to sectors. Moreover, people think, surely Democrates will win the election in the next one month. And when they win, larger stimulus than what Trump proposes will come. Asian markets are higher. Infosys ADR is up by 4.5%. So IT stocks may go up 3 to 4% here. TCS came with good results, WIPRO announced share buyback. So today, once again IT will lead the markets higher. SGX Nifty is trading around 11800. This is a fantastic rally of 1000 points in two weeks. Except in 2009, when Nifty opened gap up 20%, I do not remember Nifty shooting up 1000 points in two weeks. Few times Nifty shot up 1000 points in one month. But this time, in 6 weeks, Nifty fell 1000 points and then shot up by 1000 points. Option writers are struggling. Call option premiums are shooting up but Put premiu...

  Pre Market Report, October 5, 2020 As soon as News emerged that Donald Trump has Tested Positive for Corona. Markets all over the World fell by 1-2% except China Market. (UNDERSTAND CHRONOLOGY HERE) He has released a Video on his Twitter timeline stating next 48 hours are very critical for him and he is in a good condition now. So Asian markets are higher. SGX Nifty was below 11300 on Friday when Trump news has highlighted. But now SGX Nifty trading around 11400. Now US markets will focus on US$2.2 trillion stimulus. We have lot of local cues. FIIs have turned net buyers aggressively after selling for nearly two weeks. They have bought for Rs 1632 crores in Cash market. DIIs also bought for Rs 269 crores. Reliance retail is attracting more investments. Reliance has bagged another cheque from GIC (Govt Investment Corporation of Singapore) is investing about ₹ 5500 crores. Upside 11550-11600 is a big Resistance level. Whereas downside 11200 is a support. Expecting Markets to be Vol...

  US markets closed in Red. But, right now, as Presidential Candidates debate is going on, US futures are higher. Asia opened lower. Australia and Japan opened lower while South Korea is closed. At 6.30 am, China Manufacturing and Services PMI came, which was better than expected. Both China and Hong Kong markets opened higher. SGX Nifty is trading about 30 points higher. Yesterday our markets were highly volatile. But still traded within a range of about 100 points. FIIs have resumed their selling after a gap of just one day. Yesterday they have sold for Rs 1457 crores. That is a huge figure as they have sold for Rs 10000 crores in last 5 days. So, on an average, they have sold for Rs 2000 crores per day, in last 6 days. Yesterday Metals, IT and Autos did well. Reliance and TCS supported the markets, otherwise Nifty would have fallen much more. On one side Reliance and TCS trying to bring markets higher and on the other side Banking stocks trying to bring the markets down. When Ni...

 US markets closed higher on Friday. Asian markets are higher. SGX Nifty is up by about 70 points. This is a good gap up, after rallying about 250 points on Friday. China Industrial profit data came positive. That is one of the reasons for bullishness in Asia. First time, in last many months, DIIs buying matched FIIs selling. FIIs have sold for Rs 2000 crores and DIIs have bought for Rs 2000 crores in Cash market. In a matter of 4 days, FIIs have sold for Rs 10000 crores. But I mentioned that, if on Friday, markets recover, then 10800 will be the support for the short term. Now SGX Nifty is above 11100. Today, the most important thing is the 'interest on interest' case in Supreme Court. Bank Nifty seems to be in over sold region. In September, Bank Nifty future fell from 25300 to 20500. That is nearly 5000 points or 20%. There are still some negatives. Corona infection continue to rise in India, Europe and US. So far about 1 million people died and WHO said the death can reach ...

  Yesterday, our markets were highly volatile. Dollar Index above 94, FII selling of Rs 2000 crore in Cash market, Negative Asian clues, etc. But KKR investment in Reliance Retail news and Reliance JIO bundling mobile post paid plan with Amazon Prime Video, Disney Hotstar, Netflix, triggered short covering in Reliance. SO markets were in good shape, until FIIs press the sell button. Bank Nifty fell 500 points, Nifty fell 200 points. Then DIIs seems to have entered and bought heavily. That triggered a powerful short covering, in a matter of few minutes, Bank Nifty shot up 500 points from the low. So traders stop loss was hit on both sides. Bank Nifty future is at 120 points premium, that too just one day before expiry. That shows the power of short covering. All these Drama happened when European and US futures were firmly in Green. US markets opened, Dow was up about 175 points, from there, sell off came and Dow closed 525 points. From intraday high to low, Dow fell about 750 point...

 Pre Stock Market Report, September 21, 2020 US markets closed in Red on Friday. US markets were highly volatile, due to "Quadruple Witching" Day. But Asian mrkets today morning are mostly flat. Japan is closed, Australia and Hong Kong down slightly while other Asian markets are slightly positive. But SGX Nifty is down by about 30 points. Fridays are becoming highly Volatile now. Bank Nifty collapsed more than 600 Points on Friday in less than 30 Minutes. There were lot of rumors floating around, including border tension at India Pakistan border. But it seems that the fall was mainly due to HDFC Bank and Kotak Bank. In fact, Nifty, on a close to close basis, down only about 10 points. Many frontline stocks, including Reliance. closed in Green. Bank Nifty s struggling, even after falling more than 3000 points. HDFC Bank and Kotak Bank removed from FTSE rebalance could be a major reason for this sell off. ICICI Bank closed almost flat. On Friday, Nifty future low was 11455. Now...

markets closed higher. World markets are stabilising after two weeks of down trend. Asian markets are mixed. Japan is down while most other Asian markets are up. Yesterday, huge intraday selling was a surprise. In fact, we had many such intraday falls in last two months. The severe one was on last Monday when Nifty fell from 11800 to 11350. Now SGX Nifty is trading about 30 points higher. IT stocks shot up after guidance from HCL Tech. IT stocks shot up despite appreciation in Rupee. Banking stocks are the main drag. From September series high, Bank Nifty is down more than 3000 points. That is about 15%. HDFC Bank lead the fall. First half the Markets were flat but we Witnessed big selling pressure in second half. This was a Total Surprise. Bank Nifty fell by more than 400 Points in about half an hour & Nifty by 100 Points. Maybe S&P fitch negative outlook on the Economy was the reason for this sell off. But later durring the day we recovered 50% of the losses as well. So it wa...

Pre Market Report, September 09, 2020   U.S Markets fell 3% Yesterday. Asian Markets are mostly trading Negative. Yesterday morning, Dow future was up 350 points but when markets opened, fell 650 points. That is a whopping 1000 points fall, after falling 2 days prior to that. Nasdaq has fallen more than 10% in 3 days. Tesla fell more than 20% as it was denied entering s&P 500 index. Asian markets are down. SGX Nifty is trading around 11270. That is because we have already fallen 150 points yesterday afternoon. But still we have to see when market opens. Day before yesterday low for Nifty future was 11266. I think that will be broken easily. Bank Nifty is looking more weak and falling and making new lows. Yesterday both Nifty and Bank Nifty closed at their lowest point. India China border issues going on & Yesterday indian Border forces have issued some official Statement. Corona Virus Cases are continuing to peak up. Government is slowly opening up the Economy now. GDP Grow...

  Pre Stock Market Report, September 8, 2020 US markets were closed yesterday. So no big Global cues. Dow future recovered all their losses and trading in Green now. But still Nasdaq is trading in Red. That is not bad as money will be moving from Technology stocks to Non Technology stocks. That is sector rotation. Sector rotation happens in bull market. There are some negatives specific to India. One, DIIs keep selling heavily every day. Even yesterday, they have sold for Rs 815 crores. They have been consistent sellers for the last 9 weeks. Yesterday Idea - Vodafone event was a non event. There was nothing Major except a name change. This is nothing to be considered as Strategic alliance. Bank Nifty is looking very weak. Second, India-China border problem still going on. Over the weekend, Defense Ministers met, now Foreign Ministers meeting. Any escalation at India-China border is surely not a good news. Positive thing is that US markets are stabilising after a sharp fall. Our mar...

 Pre Stock Market Report, September 07, 2020 US markets went for a roller coaster ride on Friday. Apple opened 1% higher, then went down 9%, then recovered entire losses of 9% to close positive. Tesla also the same, fell 8% and then shot up 11%. Asian markets are mixed. US futures are also mixed. One good thing is that US markets are closed today. In last one week, Nifty saw two sharp sell off. Last Monday, from 11800 to 11350. Last Friday, from Thursday's close to Friday's low, it was about 250 points SGX Nifty hit a low of 11240 on Friday night. FIIss have sold for Rs 1889 crores and DIIs have sold for Rs 457 crores. After a long time, both FIIs and DIIs have sold heavily. That is really a bad news. Nifty closed below 20DMA. U.S Markets are closed today so market should focus on local cues. As we will get direction from local Factors only. Markets are looking weak now. One side of the Economy front everything is turning negative. But Markets kept rallying. This was only becau...

  Pre Stock Market Report US markets tubled. Nasdaq down more than 5%. For the last two weeks, US markets kept moving higher. Today, very important data, Jobs data, is due. So markets were over bought, ahead of a key data, profit booking came. But the profit booking is so severe that Nasdaq has fallen more than 5%. We have already seen 2 such profit booking in last one month. Last month, Nifty fell from 11400 to 11100 intraday. Last Monday, Nifty fell from 11800 to 11350 intraday. When it comes to correction or crash, we always do first. Even in 2008, we fell in January, way before other markets. Today's data on Jobs is expected to be good but Private Sector Jobs data that came on Wednesday was not good as expected. That could be one reason for such a huge profit booking. Moreover, when real Economy opens up, money should move from new Economy stocks to old Economy stocks. Going forward, Dow is likely to do better than Nasdaq. But Asian markets are not reacting as bad as US. Even D...

  US markets closed at another record high. Asian markets are mostly positive. Indian markets are struggling. SGX Nifty is up by 30  Points. The talk of the Town is SEBI pledging & Margin rules. SEBI Regulations have bought in too many complications for traders who trade with higher capital. Monday Markets fell Drastically most of it was due to SEBI pledging rules & some of it was Indo - China news. Nifty is doing better but Bank Nifty has not been doing well. In fact, yesterday, whole day it was trading with negative bias, only in last one hour, it moved. Yesterday night, though European and US markets were higher, SGX Nifty was very weak, traded below 11500. Let us try to understand what is happening. Right now, we are not worried about Global cues, worried about local cues. The AGR case finally came to an end but not loan moratorium case. The hearing continues today at 2 pm. Another reason for huge volatility in the last one hour of today's trade. But that affects o...

  US markets closed at another record high. But Indian markets are facing its own issues. Yesterday was one of the worst volatile days. Bank Nifty was making more than 300 points move at times. Yesterday, lot of traders had issues with trading. The margins were not showing properly , there was loss being showed on screen Many traders pledged but system was not reflecting any limit. In last 15 minutes, there was short covering. Both Nifty and Bank Nifty spot did not move but Nifty and Bank Nifty futures moved higher. Nifty future closed more than 50 points higher than the spot and Bank Nifty future more than 100 points. That is a positive sign. Dollar index was below 92 yesterday but now above 92. Rupee appreciated yesterday due to dollar index, it was trading below 73,(helped to sustain and moveup yesterday ) FIIs, after selling for more than Rs 3000 crores the day before yesterday due to MSCI rebalancing, turned net buyers. But DIIs have turned net sellers. Most of the Asian marke...