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Pre - Market Analysis (6th October 2022)

  1. U.S Markets rallied on Tuesday.
  2. Yesterday they were majorly flat 
  3. Right now , Dow Futures are higher.
  4. SGX Nifty is up 100-150 Points.
  5. Asian markets are higher.
  6. U.S VIX fell 5-6% over previous 2 trading sessions.
  7. VIX crashing indicates stability and reduction of Volatility over the coming days.
  8. This is quite beneficial for Option writers.
  9. Indian Markets broke out of 17200 zone which was a major hurdle.
  10. Now markets have turned Bullish.
  11. 17200 is the stoploss for long Positions now.
  12. Markets have now become very difficult to trade.
  13. Mondays low was 16900 and now we are at 17400.
  14. These market swings with huge gap openings are going on since past 1 year 
  15. This is also a market phase and would end soon.
  16. Markets would come to terms sooner than later.
  17. Due to this Mayhem in the Global Markets & excessive news flow , Volatility increases.
  18. 17200 to 17500 is the immediate range for Nifty.
  19. Look for dips close to 17200-17250 to go long 
  20. Do not chase gap ups 
  21. You will hardly get 50-70 points after such huge gap but stoploss would be 200 points 
  22. This doesn't turn risk - reward into our favour.
  23. Nifty might Trade between 17200 to 17500 today.


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