Pre – Market Analysis (22nd Dec 2020)

US markets opened Negative but closed at highest point of the day.
U.S Futures right now are slightly Negative.
SGX Nifty is around 13450.
European Futures down by 3%.
Until yesterday afternoon, European futures were down only 1%.
After their markets open, they fell 3%.
Yesterday was one of the worst Intraday crash in our Markets.
Markets fell so fast with many people who couldn’t take any sort of action.
Yesterday india VIX went up by 25%.
Option Premiums are still very attractive.
FII’s for the first time were Net sellers Yesterday.
Whether they keep selling or this was a one off selling?
Time will only say.
I’ve warned previously to be cautious and start booking profits specially for Investors.
One day could take away your monthly returns.
No range , no support will work now.
Just focus on price action.
Now we are in a sell on rally mode until we defend any major support level.
Yesterday’s fall was due to fresh Mutant Corona Virus cases detected in Europe.
These cases are 70% more dangerous than Regular Corona Virus cases.
Nifty might Trade between 13150 to 13500 today.
Big range due to Unexpected Volatility.
Today’s no chart based trade view, in today’s market high volatility to be seen, so trades completely made on the basis of price action.