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Pre - Market Analysis (13th April 2022)

  1. U.S Markets closed lower yesterday.
  2. After a big gap up after Inflation numbers there was a heavy profit booking seen.
  3. But right now Dow futures are higher.
  4. Asian markets are higher.
  5. SGX Nifty is up 30-40 Points.
  6. Yesterday U.S Inflation was expected at 8.4%
  7. It came in at 8.5%.
  8. So it was mostly as per expectations.
  9. I think this Interest rate hike fear has been taken was too much negatively.
  10. 2003-07 India had the biggest Bull market with huge rate hikes.
  11. Plus inflation seems to be topping out soon.
  12. As and when it tops out and starts going lower we could witnesss another significant rally.
  13. That's for future but right now I sense Nifty could fall back to 17600-17800 sort of a range.
  14. Bank Nifty is much stronger than Nifty.
  15. It's within 37500-38000 range band since long time.
  16. Breaking out of 38000 will provide further steam to it.
  17. Bank Nifty gaining strength could also edge nifty higher.
  18. Today it the last Market day of the week.
  19. And we have a long weekend coming up.
  20. Carry your positions wisely.
  21. Yesterday even when Nifty was down 200 points India VIX kept falling.
  22. This shows limited downside left.
  23. Nifty might Trade between 17500-17700 today.


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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