Pre Market Report
25-JAN-2022
° SGX NIFTY Is At 16958 (-98)
° NASDAQ Is At 13855 (+86)
° DOW JONES Is At 34364 (+99)
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° In NIFTY 17000PE And 17400CE Has Huge Open Interest In Weekly.
° In BANK NIFTY 36500PE And 37500CE Has Huge Open Interest In Weekly.
° IN INDEX F&O, FIIs Are 44% Long And 56% Short.
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° Tomorrow Is Holiday.
° Today, Maruti Suzuki, Federal Bank, Cipla Will Be Declaring The Results.
° AXIS BANK Has Declared Better Than Expected Results.
° US FED's Comments Will Be Watched Closely By The World Markets On Wednesday.
° Geopolitical Tension Between RUSSIA & UKRAINE Is Creating A Panic Scenario And Worry.
° Which Is Forcing Markets To Discount And Factor In Many Things Well Ahead Of The Actual Events.
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° FII's Selling Is Non-stop. On The Other Hand DIIs Are Also Not Supporting The Market Like Before.
° DOLLAR INDEX Is Rising Again Is A Concern.
° ₹RUPEE Is Also Losing The Strength Is Not A Good Sign.
° CRUDE OIL Prices Are Still Above Our Market's Comfort Zone.
° US 10 YR BOND YIELD Has Cooled Off From The Recent High Is A Positive.
° GOLD Prices Are Also Moving Higher. It's Not A Good Sign For Equity Markets.
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° Yesterday, US MARKETS Have Recovered Dramatically From The Intraday Low And Closed In GREEN.
° EUROPEAN MARKETS Have Never Recovered From The Fall And Closed Near Day's Low.
° Currently, US FUTURES & ASIAN MARKETS Are Trading In RED.
° SGX NIFTY Is Indicating Huge Gap Down.
° DATA Wise Things Are Turning Negative. And Sentiment Is Also Negative.
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° Do Not Chase Any Big Gap Down Opening. Because Short Positions Will Like To Book Profit.
° Which Will Eventually Result In A Bounce Back.
° Early Bounces Will Be Selling Opportunity. Because Long Positions Will Want To Exit.
° However, If Any Panic Scenario Will Be Developed. Then Market Will Fall Like Yesterday.
° Currently, Our Market Is Like A Falling knife. So, It Is Better To Be Rely On Price Action For Identifying The Lows.
° Wednesday Is Holiday And FED MEETING Is Also There. So, Don't Expect DIIs To Buy Huge To Support The Market.
° So We Have To Keep Watching The Global Markets, DOLLAR INDEX, ₹RUPEE, & US 10 YR BOND YIELD.
° And Also The News Flows About Russia-Ukraine Conflict.
