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Pre - Market Analysis (31st Jan 2022)


  1. U.S Markets closed higher yesterday.
  2. Most importantly , S&P 500 VIX crashed 10%.
  3. There was huge Volatility in global markets due to Fed event.
  4. Markets remain volatile only when they have topped out or have bottomed out.
  5. Right now I feel we have bottomed out at 16850.
  6. Asian markets are higher.
  7. SGX Nifty is at 17250.
  8. Indicating a gap up of 150 points.
  9. The range for nifty is 16850 to 17350.
  10. From 17350 we fell all the way lower to 17100.
  11. This range would continue until the budget.
  12. Upside breakout after the budget has higher probability.
  13. Last year as well Market crashed before budget.
  14. There was no big positive from the budget but Market shot up after the budget.
  15. I feel all the negatives have been factored in.
  16. A stable budget could provide huge short covering.
  17. Nifty might Trade between 17100 to 17400 today.
  18. stockmarketadvisory.in

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