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Pre - Market Analysis (16th Feb 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are slightly lower.
  3. Asian markets are slightly higher.
  4. SGX Nifty is near 17400.
  5. Suggesting a slightly positive opening for today 
  6. Yesterday was a pleasant surprise for many.
  7. Yesterday I advised to short with a stoploss of 17050.
  8. The short trade worked well in first half.
  9. In second half Market started to rally and later we got to know that Russia troops have gone back.
  10. The War fears have been escalating over past many days.
  11. Yesterday's news was a relief and as soon as 17100 was crossed there was a huge short covering.
  12. The short covering was so huge that Market rallied 250 points in 2 hours.
  13. So one more time 16800 is successfully handled by the Bulls 
  14. Has everything turned positive yesterday?
  15. The answer is NO.
  16. Yesterday can be termed as a relief rally and markets could go further to 17600 as well.
  17. Larger problems like Rate hikes , Inflation and FII selling still remain.
  18. 16800 to 17800 is the range in which Markets are moving violently.
  19. This is a turnaround Market and the reversals are so huge on both sides.
  20. Positional traders are being chopped off.
  21. Intraday is the only way from here.
  22. Volatility needs to cool down a bit for Markets to make further big trend from here.
  23. If you have made money over last 2 days now it's time to be patient and take a day or two off.
  24. Markets have the Tendency to take it back quickly.
  25. Nifty might Trade between 17200 to 17500 today 


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