Pre Market Report, April 22, 2021 | Stocks and Commodities

 April 22, 2021

Time: 8 am

Pre Market Report:

1. US markets closed higher.
2. Asian markets are higher.
3. SGX Nifty trading around 14180.
4. This is still about 50 points lower than Tuesday's low.
5. So far Nifty future has taken support between 14200 and 14300 multiple times.
6. More and more bad news come from Corona front.
7. Tis is what I tweeted yesterday.
8. 
   
   
   
   
9. Markets are likely to be highly volatile.
10. Markets may open as per SGX Nifty indication.
11. Then retail people will exit longs or short.
12. Then around 1 pm, no matter whether markets are up or down, FIIs will sell.
13. When FIIs sell in bulk, markets fall suddenly.
14. Then during that panic bottom, DIIs come and support.
15. This is how a general high volatile markets work.
16. SGX Nifty going all over the places.
17. Yesterday SGX Nifty hit a low of 14016.
18. Today morning hit a high of 14229.
19. Last two days, DIIs have bought more than what FIIs have sold.
20. Still markets are lower.
21. Markets will be reacting to headline news for next few days.
22. PM speech triggered some panic in SGX Nifty, as markets fell drastically after PM speech last time.
23. But this time, PM said, lockdown should be the last resort.
24. This shows that PM gives importance to Economic fall out.
25. This is taken positively.
26. Even Maharastra did not announce complete lock down, as most media suggested.
27. Maharastra CM could have changed his strategy after PM speech.
28. Now 14200 has been broken decissively, next support will be at 14K.
29. Tug of war between good Global cues and bad Local cues, Tug of war between FII selling and DII buying, will make markets more volatile.
30. Nifty future may trade between 14080 and 14320.