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Pre - Market Analysis (22nd June 2021)

  1. U.S Markets closed more than a percent higher Yesterday.
  2. Right now U.S Futures are slightly higher.
  3. SGX Nifty inching towards 15900.
  4. This has been a dramatic recovery in Global Markets.
  5. Yesterday during our Market hours Dow futures was down more than 1%.
  6. By Afternoon they have turn positive and since then the rally has continued.
  7. Yesterday Bank Nifty outperformed Nifty and was up 700 Points from day low.
  8. After a Big gap down it was a one way Trending day on the upside.
  9. This upside should continue.
  10. Today is Tuesday & two days are left before expiry.
  11. Today we can expect Rangebound markets.
  12. So Market night throw some surprises Intraday.
  13. Reliance AGM is scheduled on 24th June and Expectations are quite large.
  14. Reliance is likely to lead this rally & Outperform on these Expectations.
  15. FII's & DII's turned net buyers Yesterday.
  16. Infosys and Reliance are the two which will lead Markets on the upside.
  17. 16000 is a stiff resistance whereas support has been shifted to 15600 for this expiry 
  18. Nifty might Trade between 15720 to 15940 today.
  19. stockmarketadvisory.in

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