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Pre - Market Analysis (4th April 2022)

  1. U.S Markets closed marginally higher on Friday.
  2. Dow futures are now lower.
  3. Asian markets are mixed.
  4. SGX Nifty is down 30-40 points.
  5. April series has started with a bang.
  6. Nifty rallied 200 points on Friday and most of it was contributed in the last hour of trade.
  7. India VIX crashed 12% intraday.
  8. This is something amazing and out of the box.
  9. For the last 6 months markets have been very volatile and India VIX was always above 20.
  10. For the first time after many trading sessions it has come below 20.
  11. India VIX below 20 indictes stability in the Market and it's beneficial for the option sellers.
  12. Also it indicates that market has very limited downside from here on.
  13. Chances of Market going higher are more.
  14. Not much development over the weekend.
  15. Russia - Ukraine is an ongoing problem.
  16. Pakistan military is likely to take over Imran khan.
  17. Whether that would happen peacefully or through protests is a matter to look into.
  18. Pre war high was 17606 on Nifty.
  19. We have crossed it significantly on Friday.
  20. This indicates bullishnsss going ahead.
  21. 17800 is the next resistance , we have resistance at every 200 points now.
  22. 17800 , 18000 , 18200 etc.
  23. 17500 is now a strong and immediate support for longs.
  24. Nifty might Trade between 17600 to 17900 today.
  25. stockmarketadvisory.in

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