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Pre - Market Analysis (27th June 2022)


  1. U.S Markets closed higher on Friday.
  2. Right now Dow futures are higher.
  3. SGX nifty is higher & trading at 15900.
  4. Markets all over the World are witnessing a short covering rally.
  5. All the Markets are up and there's greenery everywhere.
  6. There's a saying that when markets go higher on bad news that's when it has bottomed out.
  7. Even after persistsnt Inflation issue pointed by Fed markets have been moving higher from last 4 trading sessions.
  8. Is the worst already discounted or more is yet to come?
  9. I don't think the worst is already discounted.
  10. This could again be a dead cat bounce like many bounces happened in the past.
  11. 16000 CE has highest open interest.
  12. For this expiry.
  13. So if you are long this is a good place to take off profits.
  14. Also after such huge gap up going long doesn't favour risk reward.
  15. There are 4 Trading days left for expiry.
  16. So the Theta decay would be quick.
  17. 15700 to 16000 opens up now 
  18. Markets closed at 15700 on Friday.
  19. Whenever there are large breakouts they are mostly by huge gaps.
  20. As big players do not want retailers to participate.
  21. Nifty might Trade between 15700 to 16000 today.
  22. stockmarketadvisory.in

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