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Pre - Market Analysis (22nd 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 100-120 Points.
  5. Yesterday was a highly Volatile trading day.
  6. It wasn't just volatile it was an unexpected trading move.
  7. Yesterday there were news that China has enduced more lockdowns due to Covid 19 cases.
  8. There have been a surge in Covid 19 cases in China.
  9. Also there have been few cases of Omicron variant detected in India.
  10. Because of this news markets crashed.
  11. The crash was so severe that Nifty fell 300 points from day high.
  12. Bank Nifty more than 1000 points.
  13. India VIX at one point of time was up 15%.
  14. My view is that Covid is history.
  15. We have fought with it,  dealt with it and we have moved on long ago.
  16. It won't come back nor it will have an impact.
  17. Mini crash like yesterday offer a good buying opportunity. 
  18. As people forget logic during these times and take decisions based on emotions.
  19. Whenever emotions are given importance than logic , it offers a good opportunity to enter.
  20. We have discussed the Nifty range as 18200 to 18500.
  21. Yesterday Nifty went below 18200 at one point of time but recovered quite sharply.
  22. Nifty is likely to trade within this range with huge Volatility. 
  23. Nifty might trade between 18150 to 18450 today.


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Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like