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Pre - Market Analysis (18th June 2021)

  1. U.S Markets have recovered most of its losses yesterday.
  2. Right now U.S futures are trading higher.
  3. SGX Nifty indicating a gap up 60-70 points.
  4. Asian Markets are also higher.
  5. Yesterday's price action of U.S Market indicates that the Temporary jitter due to Fed policy has subsided.
  6. U.S VIX was down 5% yesterday.
  7. I feel Fed rate hike is behind us.
  8. Also Fed is going to increase quarter percent and in next year which I do not think is a much issue.
  9. There is just some panic and reaction is knee-jerk.
  10. Bank Nifty took support as it's lower range of 34500 yesterday.
  11. This is likely to act as a good support in coming days.
  12. We are still in a Bull Market and every dip is a buying opportunity.
  13. Always Remember the larger the dip the bigger the rally.
  14. As dips always intice short positions and many short positions gets build up.
  15. These short sellers will take Market higher and lead to short covering.
  16. Yesterday due to Weekly expiry there was high Volatility.
  17. Important point was Market didn't break important support levels.
  18. This is the positive we can take out.
  19. Yesterday all the Adani Group Stocks fell Uniformly.
  20. That's why I always say to be away from such stocks.
  21. A 3-4% move against you and you will be out.
  22. Technical Analysis , Charts etc don't work when there's news.
  23. Nifty might Trade between 15620 to 15860 today.


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