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Pre - Market Analysis (15th Feb 2022)

  1. U.S Markets closed lower yesterday.
  2. Right now Dow futures are slightly higher 
  3. Asian markets are higher.
  4. SGX Nifty is near 16950.
  5. Suggesting a slightly positive opening for today 
  6. Yesterday was a bloodbath all over Dalal Street.
  7. Nifty fell 3% , Bank Nifty 4% and almost all the stocks closed in Red 
  8. Only TCS was positive yesterday in Nifty 50 rest all closed in Red.
  9. 17050 was this month's low and that got breached and we closed below the same.
  10. This indicates further weakness in the Market.
  11. We did halt yesterday at 16800 near 200 DMA yesterday but I feel it's a matter of time before we break it and test 16400.
  12. Markets have made a vertical rally last year so the fall now will also be vertical.
  13. My view would go wrong only if we get a closing above 17100 on Nifty.
  14. Until then sell on rally view remains.
  15. Banks supported the Market all along but now fresh downside expansion has started there as well.
  16. Big players are dumping stocks to retailers considering exuberance in the Market.
  17. War , Inflation etc are just reasons.
  18. When Market wants to go down it just needs reasons to go down.
  19. I don't think correction ends here and it's a good time to start buying stocks for long term.
  20. Until March end I feel the correction would continue and would expand.
  21. Once correction ends we would get an indication and then it would be a good indication to buy for long term.
  22. As of now let the Market correct and it's better to sit on cash.
  23. Do not follow people who on every dip keep saying "This is an opportunity for long term" etc.
  24. When Market goes up by 200 points they say see I said you so.
  25. Long term has nothing to do with timing the Market.
  26. Long term is buying quality at dirt cheap price.
  27. Prices are not cheap yet in my opinion.
  28. This would now be a very stock specific Market.
  29. Only selected quality stocks would be going higher and the broader Market would keep going down.
  30. One should be very selective and skilled to make money from hereon.
  31. Nifty might Trade between 16800 to 17100 today.
  32. If 16800 breaks be ready for fresh bloodbath.


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