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Pre - Market Analysis (14th March 2022)

  1. U.S Markets closed lower on Friday.
  2. When our Markets were trading , Dow futures were down 100 points 
  3. Then news came that Putin was given clue of development in talks with Ukraine.
  4. This led to a huge short covering in global markets.
  5. SGX Nifty touched a high of 16850 and came all the way to 16480 as U.S Markets closed lower.
  6. Right now as dow figures are positive , SGX Nifty is flat 
  7. U.S VIX fell on Friday as well 
  8. Expecting India VIX to go below 25 today.
  9. As I had predicted , Market to be volatile between 16400 to 16800.
  10. Thursday and Friday have passed and we have been trading in this range.
  11. Big trend and momentum will develop only once we cross either of these levels.
  12. Until then , expecting ranging Market within this range 
  13. 15750 to 16750 rally in 2 days can be termed as pullback as of now 
  14. I don't see it as a trend reversal yet.
  15. 16900 is the 200 DMA and only once we cross this level will the trend become positive.
  16. Until then the trend is still negative and this is a sell on rally Market.
  17. LIC IPO is due and this could also squeeze lot of liquidity.
  18. Also I expect DII's to support the Market as Govt might have ordered them to do so.
  19. Nifty might Trade between 16400 to 16800 today.


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