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Pre - Market Analysis (3rd Jan 2022)


  1. U.S Markets were muted on Friday.
  2. Right now U.S futures & Asian markets are higher 
  3. SGX Nifty is at 17400.
  4. Friday was a pleasant surprise for our Stock Market.
  5. Despite all the Global Markets against us we had a weekly breakout on both Nifty and Bank Nifty.
  6. 35k and 17300 on Nifty and Bank Nifty were taken out decisively.
  7. India VIX is now near 16.
  8. Markets are trending higher but at a nominal pace.
  9. Pace is not too violent as we had In November & December.
  10. Another significant news is FII's buying.
  11. FII's were net buyers for around 570+ crores on Friday.
  12. We need to see if this continues or Friday was just a one off day.
  13. Usually the first trading day sets the tone for the entire month.
  14. Friday's price action indicates Markets to be trending higher at a slow pace.
  15. Now we have been turned into a buy on dip Market.
  16. Any sort of dips should be bought into.
  17. 17300 PE and 17500 CE has the highest open interest in weekly options.
  18. 17300 PE closed at 90.
  19. So if Nifty breaks 17210 these writers could panic and create further downfall.
  20. Else 17300 to 17500 seems to be the range for this expiry.
  21. Nifty might Trade between 17280 to 17480 today.
  22. stockmarketadvisory.in

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