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Pre - Market Analysis (1st April 2022)

  1. U.S Markets closed lower yesterday.
  2. It was the last day of the Financial year and investors seemed to have taken out some profits.
  3. Our markets were firm and we're trading within a flat range yesterday.
  4. SGX Nifty is down 50-60 points
  5. 17400-17425 is a very good support zone immediately.
  6. This is the zone to go long at first with 30-50 point stoploss.
  7. This is a buy on dip Market.
  8. FII's & DII's both have turned net buyers since last 2 trading sessions.
  9. This indicates strength and momentum on the upside immediately.
  10. Right now Dow futures are higher.
  11. Asian markets are flat.
  12. First couple of trading sessions decide the course for the whole month.
  13. If we manage to cross 17500 and sustain then doors for 17800 is open.
  14. 17600 is the pre war low so this will act as a next week resistance after 17500.
  15. India VIX was higher slightly yesterday.
  16. Bank Nifty is near 200 DMA and it has still some unfinished business.
  17. 38000 could easily surpass on the Bank Nifty from here.
  18. This will drive the momentum for Nifty 
  19. Axis Bank has taken over Citi Bank so expect Axis Bank to outperform among banks.
  20. Nifty might Trade between 17380 to 17600 today.


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