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Pre - Market Analysis (1st Sep 2022)

  1. U.S Markets closed lower in previous two trading sessions.
  2. Asian markets are lower.
  3. SGX Nifty is down 350 points near 17500.
  4. Now why such huge gap down?
  5. I don't know. Infact nobody knows.
  6. Everybody is just guessing as of now.
  7. Tuesday was a shocking and surprising market move.
  8. Markets kept on rallying higher and higher without any corresponding news.
  9. It took everybody including me by surprise.
  10. Now this gap down is another surprise.
  11. Option sellers specially naked sellers are having a very painful time.
  12. Thank fully we just have spreads and no naked positions.
  13. Volatility is getting out of order now.
  14. That too when it happens with huge gap openings.
  15. After such huge gap down , shorting goes out of order.
  16. Look to buy once 17500 is crossed on Nifty with a stop at days low.
  17. Do not carry positions in these kind of markets.
  18. FII's bought heavily on Tuesday.
  19. This could be an eye wash so they could load higher junk to retail in future.
  20. Im very skeptical about Tuesdays move and also today's gap down.
  21. Sometimes , overthinking doesn't help and accepting markets the way they are is the only solution.
  22. Switch off your brains and trade price action , risk reward that's the only suggestion.
  23. Nifty might Trade between 17350 to 17700 today.


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