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Pre - Market Analysis (16th June 2021)

  1. U.S Markets closed lower yesterday.
  2. Right now U.S Futures are lower slightly.
  3. Asian Markets are also lower.
  4. SGX Nifty is down by 30-40 points.
  5. This is due to the outcome of Fed meeting which is expected to arrive at 11.30 today.
  6. Before any Event due to Uncertainty we might witness profit booking.
  7. Same is happening today.
  8. Yesterday our Markets crossed the resistance of 14800 and closed sharply higher.
  9. Bank Nifty also outperformed for the last couple of days.
  10. Coming to today we can expect it to be a Volatile session.
  11. Wednesday markets are very Volatile from past many Months.
  12. You may Remember what had happened last Wednesday.
  13. So one should be ready to deal with Such Volatility.
  14. I don't think Fed meeting outcome would have much impact on our Markets.
  15. Unless they increase interest rate drastically.
  16. But I feel it's time to stay a bit cautious on upside.
  17. This seems like too streched Market now and some profit booking may be evident.
  18. This is the best Market if you get dips.
  19. Larger the dips larger the rallies.
  20. On Monday we got big dip but we rallied 300 points from 15600.
  21. I would advice to lighten your Bullish Trading bets.
  22. Nifty might Trade between 15700 to 15900 today.
  23. stockmarketadvisory.in

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