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Pre - Market Analysis (19th May 2021)

  1. U.S Markets closed lower Yesterday.
  2. Dow Futures are currently Negative.
  3. SGX Nifty is Trading near 15050.
  4. Last 2 days we had a phenomenal rally in our Markets.
  5. We might now consolidate for some time.
  6. This small dip is a pause in the Upcoming rally.
  7. Markets after rallying so quick in so less time take some rest.
  8. FII's & DII's both were net buyers yesterday.
  9. That's why yesterday HDFC Bank has outperformed.
  10. India VIX has closed below 20 Yesterday.
  11. Yesterday after a big gap up we have consolidated throughout the day.
  12. Today expecting the same.
  13. Expecting a Rangebound day with Consolidation today.
  14. 15100 PE & 15000 PE have added huge open interest yesterday.
  15. 15000 will act as a strong support for this expiry now.
  16. Today the U.S Fed will come up with its Minutes regarding interest rates etc.
  17. Stock Market is waiting for new developments regarding interest rates , inflation etc to get a future idea.
  18. Expecting Bank Nifty outperformance to continue ahead.
  19. For the 2nd Consecutive day the Covid recoveries have been more than positive cases.
  20. We might not follow Global Marlets for some time now.
  21. Nifty might Trade between 15040 to 1524p today.
  22. stockmarketadvisory.in

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