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Pre - Market Analysis (8th March 2022)

  1. U.S Markets crashed Yesterday.
  2. Right now Dow futures are slightly higher.
  3. SGX Nifty is at 15750.
  4. Asian markets are mixed.
  5. Yesterday we had exit poll results.
  6. Exit Poll results cannot be trusted with 100% accuracy.
  7. In the past as well many of the times exit Poll results have gone wrong.
  8. Majority exit Poll show that BJP is likely to win UP again.
  9. This is a positive news for stock market.
  10. In Bearish times markets don't react to good news but react to bad news 
  11. 15800 is a very important support on Nifty.
  12. Last year Market made a consolidation of 3 Months near 15800-16000 and then broke out.
  13. So technically it becomes a very important support this time as well 
  14. If this breaks then 15500 -14800 open up.
  15. The falls will be equally fierce as the rallies.
  16. Market did rally one way and now falls will also be one way.
  17. Right now we have crude oil shock impact as well.
  18. Crude Oil has shot up to 130-140$ / barrel.
  19. In history I've observed , whenever crude oil stays higher Nifty always have given negative returns.
  20. Currency is also weakening day by day 
  21. Rupee yesterday hit it's lowest level of last 1 year.
  22. All this makes worrying signs currently.
  23. Not advisable to short gap downs.
  24. Look for rallies close to 16000 to short .


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