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Pre - Market Analysis (16th March 2022)

  1. U.S Markets closed higher Yesterday.
  2. During Market hours Dow futures were lower.
  3. Yesterday Nasdaq outperformed all the major indexes after so long
  4. Asian markets are mixed.
  5. SGX Nifty is indicating a big gap up of 250 points.
  6. Yesterday exactly near 200 DMA we witnessed a severe selling.
  7. Nifty crashed 300 points from day high and Bank Nifty crashed 1000 points.
  8. This is a reversing Market and the reversals can be quite strong.
  9. India VIX shot up to 27 yesterday.
  10. Yesterday U.S VIX crashed 6% and closed below 30 which is a good sign.
  11. Russia - Ukraine talks don't seem to have any good outcome 
  12. No solution is being found yet on that front.
  13. War doesn't seem to be ending anytime soon.
  14. Today as well we could find some sort of selling pressure near 17k.
  15. One can sell this gap up with a stoploss of 17000 on Nifty.
  16. We have fed event today and I feel it's already factored in
  17. So it's likely to be a Non - Event.
  18. Crude Oil slips below 95$ / barrel.
  19. This is a very positive development for india.
  20. China has detected fresh round of Covid cases.
  21. Because of this they have been imposing further lockdowns 
  22. This has led to a fall in crude oil prices which is indirectly benefitting India.
  23. Nifty might Trade between 16600 to 17000 today.


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Nifty hits 17k (15th March 2023)

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SVB Bank crisis Unfolds (13th March 2023)

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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like