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Pre - Market Analysis (22nd July 2021)

  1. U.S Markets closed lower by 750 Points on Monday.
  2. On Tuesday it recovered 500 points.
  3. Yesterday by another 300 points.
  4. So entire loss due to Delta Virus Variant panic selling has been recovered.
  5. Asian Markets are now Trading higher.
  6. SGX Nifty is indicating a big gap up 130 points.
  7. This is a big gap considering expiry today
  8. Indian Markets highly Underperformed World Markets for the last 2 sessions.
  9. Bank Nifty was the worst.
  10. Bank Nifty fell 1400 Points from the top in just 2 trading sessions.
  11. This was majorly due to HDFC Bank results.
  12. This pulled down Market to the lower end of the range and now this gap up will make things more interesting.
  13. There has been huge call writing near 15650 CE and 15700 CE.
  14. If Market opens as SGX indicates and we sustain at these levels for first hour then today we might witness big rally.
  15. Huge shorts are built in over the fall and these would run for cover.
  16. 15600 is a very good support for today.
  17. 15800 might act as a resistance for the day.
  18. We might Trade between this range for first range.
  19. Second half we have look at how Europe Market opens and Dow Future's position to take further call.
  20. FII's have been selling Unanimously for past few weeks.
  21. Second half might bring some wild moves today.
  22. One thing is for sure , India VIX will fall today.
  23. India VIX has risen almost 15% in last 2 trading sessions.
  24. Today it is likely to cool down.
  25. Nifty might Trade between 15600 to 15840 today.


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