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Pre - Market Analysis (22nd March 2022)

  1. U.S Markets closed lower yesterday.
  2. Right now Markets are flat.
  3. Yesterday India VIX shot up 8% without any negative news.
  4. Premiums on both the sides are quite higher.
  5. Calls and Puts both are commanding higher premium.
  6. This is because of India VIX rise.
  7. India VIX rising without any big negative is a matter of concern.
  8. FII's who bought aggressively before weekend on Thursday have sold aggressively yesterday.
  9. Yet again they might start their selling spree once again.
  10. This is what is going on since last 6 months.
  11. FII's keep selling , DII's keep buying.
  12. Market becoming highly volatile.
  13. 17500 , 17600 CE in weekly options has the highest open interest.
  14. IT index has supported Nifty all the way from lower levels.
  15. Now I feel they should stabilize and it's upto the financial stocks to give leadership.
  16. SGX Nifty is at 17200 now.
  17. 17300 is a strong resistance for Nifty.
  18. Once we close above 17300 will we see fresh buying.
  19. Crude oil again goes above 110$ & this is a negative news in short term
  20. Until then we can expect rangebound move with slight negative bias .
  21. Nifty might Trade between 17050 to 17350 today 


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