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Pre - Market Analysis (4th Jan 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now U.S futures & Asian markets are lower. 
  3. SGX Nifty is at 17620.
  4. Yesterday was once again a Fantastic day for the Bulls.
  5. After Friday's breakout Market showed fresh Expansion and momentum on the higher side.
  6. 50 DMA of 17516 has been breached decisively yesterday.
  7. FII's have bought 900 cr yesterday but the rally seemed like they have bought for 9000 crores.
  8. Now the big question is "What next from here"?
  9. Generally after 2 days of non - stop rally , big players tend to book profits on the 3rd day.
  10. Today there are good chances of a Consolidation with mild positive bias.
  11. Run away rally like yesterday should not be expected.
  12. I somehow feel Market is expecting some positives In the budget.
  13. This can be termed as a pre - budget rally for the markets.
  14. Another Possibility is good corporate results expectations.
  15. These 2 factors seem to be driving the markets higher.
  16. We would get better clarity after some days when the event actually happens.
  17. 17500 PE now has the highest open interest.
  18. This is because those who sold calls have no option but to sell closer puts to cover their loss.
  19. India VIX was higher yesterday because the call writers were in fear.
  20. Nifty might Trade between 17500 to 17750 today.
  22. I will not chase the Market today.
  23. I would look to enter on a 50-70 point dip. My view is only to buy , shorting is not the trade one should take from here.


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