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Pre - Market Analysis (22nd Feb 2022)


  1. U.S Markets were closed Yesterday
  2. Right now Dow futures are Lower.
  3. Asian markets are mostly lower.
  4. SGX Nifty is near 17000.
  5. Suggesting a big gap down start for the day.
  6. This is due to the ongoing uncertainty around Russia - Ukraine war.
  7. Markets can handle good news , markets can handle bad news , but Markets cannot handle uncertainty.
  8. In Uncertain times , the worst gets discounted in the Markets.
  9. Later when the uncertainty is out Market rallies once again.
  10. Another disturbing thing is the India VIX going up almost everyday from last 3 days.
  11. Without any corresponding bad news india VIX going higher is a worrying sign.
  12. Yesterday VIX closed at 23.
  13. Today we might close near 24 as we are already expecting huge gap down open.
  14. 17000-17050 is the first support area for the day.
  15. Once this gets taken out the support emerges at 16850 -16800 area.
  16. 17500 has the highest open interest among calls.
  17. One can try a long trade near 17000-17050 with a stoploss near 16950.
  18. This a very good risk reward trade.
  19. Nifty might Trade between 16980 to 17300 today.
  20. stockmarketadvisory.in

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