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Pre - Market Analysis (30th May 2022)

  1. U.S Markets closed higher on Friday.
  2. Right now Dow Futures are higher.
  3. Asian markets are higher.
  4. SGX nifty is up 150 points close to 16500.
  5. There's a pullback rally happening across all World markets.
  6. 15700 to 16400 was the range in which Nifty was trading violently.
  7. Today we are opening much above 16400.
  8. If we get a closing today above 16400 then 16800 opens up.
  9. This seems much likely seeing Global markets.
  10. U.S Markets have been rallying for last 5 trading sessions.
  11. Nasdaq is up 8% in last 3 trading sessions.
  12. In Bear markets pullback rallies are fast and furious and it's difficult to judge where it will stop.
  13. Rather than focusing too much for the long term.
  14. Right now 16800 is opening up sighting the trend.
  15. Bank Nifty has been outperforming since last 1 week compared to Nifty.
  16. This is mainly because IT index has been underperforming and dragging the Nifty.
  17. Expect IT index to join the rally.
  18. So in the short term market looks bullish.
  19. India VIX crashed 15% in last 2 trading sessions.
  20. Expecting in to close below 20 this week.
  21. June is a very long month with 5 weekly expirys without any public holiday.
  22. After Mayhem of May expecting markets to stabilize in June.
  23. Nifty might Trade between 16360 to 16600 today 


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