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Pre - Market Analysis (17th Jan 2022)

  1. U.S Markets closed mixed on Friday.
  2. Right now Dow Futures and Asian markets are lower.
  3. SGX nifty is down 60-70 points near 18200.
  4. Last Friday as well we were almost having a similar set up.
  5. Global Markets were down and we opened gap down near 18150.
  6. During the day , this gap down was bought into.
  7. 18100 -18300 is the range for Nifty.
  8. Near 18100 is a good buying opportunity.
  9. In the past , I have noticed many times that in such broad ranges breakout usually happens on the higher side.
  10. So we have 90% chances of breakout above 18300.
  11. Whnen will this happen that nobody knows.
  12. Until then , buying dips close to 18100 is a good option.
  13. HDFC Bank has come up with results over the Weekend.
  14. These results look good.
  15. They are not too good nor too bad.
  16. It's an okay kind of results 
  17. HDFC Bank has been beaten up so much in last 1 Month.
  18. Even average results could charge up this Stock.
  19. 38000 is a big buying zone for bank Nifty.
  20. It has rallied and reversed almost 4 times from this level and 18100 for Nifty.
  21. Nifty has reversed and gone higher from these levels about 3 times.
  22. Any fresh big move will happen only if we break 18100 or 18300.
  23. Until then it's a ranging Market with Consolidation on the upper side.
  24. Nifty might Trade between 18100 to 18300 today.


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1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like