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Pre - Market Analysis (7th October 2021)


  1. U.S Markets closed higher Yesterday.
  2. Asian Markets are higher.
  3. SGX Nifty right now is at 17780.
  4. There's only one word to describe the current Market and that is "Volatile".
  5. Market has been Highly volatile for this October.
  6. Nifty went up from 17450 to 17850.
  7. Then fell to 17600 Yesterday and now indicating a big big gap up.
  8. Probably until Results declaration and RBI Policy which is due tomorrow, the Volatility is likely to continue.
  9. Such Volatility is not good for short term traders and Option sellers specifically.
  10. U.S Markets in Pre - Market were down 300 Points but have now recovered and are in Green.
  11. U.S VIX fell by 15% Yesterday from day high.
  12. Yesterday India VIX rose 5% , expecting it to come back to Normal today.
  13. Bank Nifty actually closed stronger than Nifty that's due to HDFC Bank.
  14. Bank Nifty was down 0.5% whereas Nifty closed 1% lower Yesterday.
  15. Nifty future was trading at discount Yesterday this shows that the Market has been oversold.
  16. 17700 to 17900 should be the range for today.
  17. Dips close to 17700 should be a buying opportunity for the day.
  18. Nifty might Trade between 17700 to 17900 today.
  19. stockmarketadvisory.in

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