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Pre - Market Analysis (13th April 2022)

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  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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