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Pre - Market Analysis (17th June 2021)


  1. U.S Markets were down 400 Points at one point of time.
  2. But it recovered half of it gains Intraday.
  3. Right now U.S Futures are lower.
  4. Asian Markets are also lower.
  5. SGX Nifty is down 100 points.
  6. This is bacause Fed has indicated to increase the interest rates.
  7. Interest rate hike is negative for Equity Market as money shifts from Equity Market to the Bond / Debt Market.
  8. Today we have weekly expiry and considering expiry this gap is huge.
  9. Yesterday also we fell and today's dip is also a significant correction already.
  10. This dip is a buying Opportunity and we might recover Intraday.
  11. 2nd half may turn out to be Volatile due to Expiry related issues etc.
  12. Yesterday I said I'm Expecting profit booking in near term.
  13. Exactly this has happened in next 2 days.
  14. Such Corrections are good for the long term growth of Bull Markets and offer buying Opportunity.
  15. 15600 is a strong support for today's Expiry.
  16. Bank Nifty has good support around 34800.
  17. These levels should hold on to in the first half.
  18. Second half based on Market Momentum positioning needs to be done.
  19. Nifty might Trade between 15600 to 15780 today.
  20. stockmarketadvisory.in

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