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Pre - Market Analysis (21st Jan 2022)


  1. U.S Markets closed lower Yesterday.
  2. Most importantly , S&P 500 VIX closed above 25.
  3. This is a disturbing sign of option writers.
  4. When VIX goes higher put options go higher but CE do not fall proportionally.
  5. It looks like a short term Correction has begun in U.S Market.
  6. Asian markets and Dow futures are lower now.
  7. Just a few days ago , Nifty made a high of 18350.
  8. Yesterday's low was 17650.
  9. This is a massive correction of 700 points already.
  10. We are correcting because of Global Markets.
  11. A good thing happening due to this is we are going into Budget with less optimism.
  12. A positive or a no negative budget can turnaround this Market.
  13. Until then , I think we have to bear this pain.
  14. Yesterday was a downward trending day with last hour providing short covering rallies.
  15. Next support for nifty now is at 17500.
  16. Yesterday SGX Nifty hit a high of 17900 as Dow was up 500 points in first half.
  17. In 2nd half Dow fell 900 points from high and SGX crashed to 17700.
  18. Nifty might Trade between 17500 to 17800 today.
  19. stockmarketadvisory.in

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