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Pre - Market Analysis (17th Jan 2022)


  1. U.S Markets closed mixed on Friday.
  2. Right now Dow Futures and Asian markets are lower.
  3. SGX nifty is down 60-70 points near 18200.
  4. Last Friday as well we were almost having a similar set up.
  5. Global Markets were down and we opened gap down near 18150.
  6. During the day , this gap down was bought into.
  7. 18100 -18300 is the range for Nifty.
  8. Near 18100 is a good buying opportunity.
  9. In the past , I have noticed many times that in such broad ranges breakout usually happens on the higher side.
  10. So we have 90% chances of breakout above 18300.
  11. Whnen will this happen that nobody knows.
  12. Until then , buying dips close to 18100 is a good option.
  13. HDFC Bank has come up with results over the Weekend.
  14. These results look good.
  15. They are not too good nor too bad.
  16. It's an okay kind of results 
  17. HDFC Bank has been beaten up so much in last 1 Month.
  18. Even average results could charge up this Stock.
  19. 38000 is a big buying zone for bank Nifty.
  20. It has rallied and reversed almost 4 times from this level and 18100 for Nifty.
  21. Nifty has reversed and gone higher from these levels about 3 times.
  22. Any fresh big move will happen only if we break 18100 or 18300.
  23. Until then it's a ranging Market with Consolidation on the upper side.
  24. Nifty might Trade between 18100 to 18300 today.
  25. stockmarketadvisory.in

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