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Pre - Market Analysis (21st April 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are higher.
  3. Though there is a dip from the highest point.
  4. There's a news that Russia is testing a missile nuke
  5. Threats of missile attacks and nuclear attacks still around the corner.
  6. There's a dip in Global markets due to this.
  7. Asian markets are mixed 
  8. SGX Nifty is up 30-40 points.
  9. Tuesday last hour there was a shock in markets.
  10. Nifty and Bank Nifty both collapsed suddenly without any major news.
  11. I tried hard to look for some negatives but there was hardly any.
  12. Such sudden crashes make fear creep into longs.
  13. People are afraid to go long as they do not know which news might damage and have an impact on markets yet again.
  14. Right now I sense markets are in a range of 17000 to 17350.
  15. Though for a brief moment we broke 17k and closed below.
  16. That was just an irrational move.
  17. Market on close to close basis are at same level as on last expiry.
  18. Volatility within this has been huge.
  19. Hdfc twins looked like they have finally settled yesterday.
  20. IT gained strength because of Nasdaq.
  21. Netflix results were poor but most importantly management commentary was highly cautious.
  22. Netflix management said there was a global slowdown due to which subscribers have been lost.
  23. Recently many rating agencies have also reduced the Global growth rate considerably.
  24. If there's Global slowdown due to war , inflation etc then surely it will dent the Market sentiment.
  25. Nifty might Trade between 17000 to 17300 today.


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