21. Pre Market Analysis - Dec 22 , 2020
Yesterday Our market crashed due to the tension raised in UK.
Nifty fell more than 500 points and Bank Nifty more than 1500 points. This type of crash we have seen only in Corona pandemic which was happened in march.
Almost every stock fell more than 5%.
Yesterday till 1:30 P.M our fell only 1% but when European markets opened then our market went to worst phase.
This is just because of New virus found in UK and it is more dangerous than Corona.
Nothing to discuss today and always remember our Indian markets bulls always recover very fast so expect some consolidation or recovery.
If our market breaks yesterdays low then expect another 200 points fall in Nifty and 500 points in Bank Nifty.
Coming to Global Markets :- Yesterday US market(Dow Jones) fell 450 points in the first 15 mins of the market opening and closed in positive by the end of the day.
Currently Dow Jones Fut is flat in negative as of now.
All Asian Markets are flat in positive . even yesterday Asian Markets didn't impact that much.
SGX Nifty opened with a Gap - up of 150 points and fell 100 points in next 30mins but Again it is up by 150 points . Very Huge volatility with Up and Down moves.
Coming to India :- Today our market will open with Gap-up based on global market clues.
Expect some recovery today or consolidation with huge volatility.
Nifty had a resistance at 13500 and support at 13200 &13100
Bank Nifty had a resistance at 30,000 and 30,500 and support at 29,000.
All The Best , Trade With Discipline.