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Pre - Market Analysis (1st December 2021)

  1. U.S Markets closed 600 points lower yesterday.
  2. Surprisingly , Asian markets are outperforming Global Markets.
  3. All Asian market futures are trading higher.
  4. SGX Nifty is up 60 points.
  5. Yesterday most of the Retailers have been kicked out of the Market.
  6. Such was the Volatility being witnessed yesterday.
  7. Market is throwing out most of the people now.
  8. In First 15 minutes Nifty rallied 150 points yesterday and about 300 points in first hour.
  9. The pace and momentum at which this happened was mind boggling.
  10. Joe Biden announced that lockdowns were not needed currently.
  11. That bought optimism yesterday.
  12. Then came the news of Moderna.
  13. Moderna announced that Vaccines are less effective against Omicron Variant.
  14. This led to a bloodbath in Global Markets and we started to fall off the highs.
  15. Things get even worser when Jerome Powell said that Inflation is not transitory and we have to live with it.
  16. He gave an indirect indication regarding interest rate increase and reduction of Bond Purchase.
  17. Despite all this our Market has been holding 17000 firmly.
  18. Yesterday I mentioned on my whatsapp status that Markets trend change when there's high Volatility.
  19. I don't think long term Bull Market is ending anyway soon.
  20. I think short term Bearish trend is on a halt now.
  21. I'm not saying Market won't fall from here of course it can.
  22. But I feel 16800 is a short term bottom for the Market for this week at least.
  23. Markets looking highly oversold and a sharp pull back to 17300-17400 could be on the cards.
  24. From then we might start the downtrend again.
  25. Nifty might Trade between 16900 to 17200 today.


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