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Pre - Market Analysis (24th Feb 2021)

  1. US markets closed Flat Yesterday.
  2. U.S Markets have closed with a slightly Positive bias.
  3. Asian Markets are also Mixed.
  4. SGX Nifty is Slightly higher.
  5. Dow Jones has recovered more than 350 Points from Intraday low.
  6. At one Point , the selling pressure was really severe.
  7. SGX Nifty is up 80 Points.
  8. Yesterday too , Markets were highly Volatile.
  9. They were all over the Place.
  10. Markets will continue to remain highly Volatile as its Monthly expiry week now.
  11. As of now it doesn't appear a clear Direction for me.
  12. Markets are neither Bullish nor Bearish.
  13. Markets are Consolidating with high Volatility.
  14. Good news is that India VIX has reduced Yesterday.
  15. Usually as per past Experience Wednesdays are highly Volatile.
  16. Today also Markets are likely to remain highly Volatile.
  17. I expect Nifty to expire between 14600 & 15000.
  18. But I may be wrong too as the way Markets are moving , analysing direction is difficult.
  19. I'd look to sell Call Option near 15k for Nifty.
  20. Look to sell Put near 14600.
  21. Until then time to wait and watch.
  22. Nifty might Trade between 14640-14920 today.
  23. stockmarketadvisory.in

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