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Pre - Market Analysis (24th June 2022)

  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are higher.
  3. SGX nifty is higher 
  4. Yesterday it was a highly Volatile expiry.
  5. Generally on volatile days we get a 2 way swing 
  6. But what was surprising is it was a 3 way swing yesterday.
  7. Nifty from 15400 went towards 15630 then fell back to 15400 only to hit 15600 again.
  8. These types of volatility happen generally on monthly expiry.
  9. This is because of huge volumes plus futures expiry also lead to such Volatility.
  10. Now a days weekly expirys have been witnessing such Volatility.
  11. This Volatility many say is good for option buyers & bad for option sellers etc.
  12. I don't agree to this.
  13. Volatility is not good for anybody.
  14. Yesterday buyers who expected more upmove / downmove also got trapped 
  15. In such times it makes sense to wait till Volatility subsides 
  16. Until then it's better to trade only small positions and most of it Intraday.
  17. Auto Stocks are looking to have bottomed out.
  18. They have been moving higher.
  19. Other sectors are still witnessing the pain.
  20. Yesterday I mentioned an important level of 15400 and Market bounced twice from these levels.
  21. Range of 15400 to 15700 is likely to continue with huge Volatility.


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