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Pre - Market Analysis (21st December 2022)


  1. U.S Markets closed higher yesterday. 
  2. Asian markets are mostly higher.
  3. Dow futures are higher right now.
  4. SGX Nifty is higher by 70-80 Points.
  5. Yesterday was a highly Volatile trading day.
  6. It wasn't just volatile it was an unexpected trading move
  7. Yesterday the Bank of Japan announced that it would be tweaking its policy.
  8. There wasn't any change announced and it was just announced of a change in the policy.
  9. As soon as this got announced markets began to crash.
  10. Japanese index Nikkei fell 1000 points in no time.
  11. Dow futures turned more than a percent negative.
  12. Our market also started to fall in the morning.
  13. I took the opportunity and sold put options 18k and below for monthly series.
  14. Nifty found support near 18200 and bank nifty took support near 43k.
  15. Both quite important support levels were held yesterday. 
  16. I feel yesterday's low should be the bottom for December expiry.
  17. Both for nifty and bank nifty.
  18. Yesterday Both FII's & DII' s were net buyers.
  19. Any sort of larger dip , traders are ready to buy.
  20. Nifty might trade between 18350 to 18650 today.
  21. stockmarketadvisory.in

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