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Pre - Market Analysis (28th June 2021)


  1. U.S Markets closed higher Yesterday on Friday.
  2. Dow futures are slightly positive.
  3. Asian Markets are currently higher.
  4. Right now U.S Futures are trading higher.
  5. SGX Nifty is trading above 15900.
  6. On Friday , we closed almost at record highs.
  7. Significant development was the outperformance of Banking Stocks.
  8. Bank Nifty outperformed Nifty by a huge margin on Friday and closed almost 2% higher.
  9. Bank Nifty Future has broken out above 35500.
  10. If we Sustain above this level for some time then the rally should continue.
  11. Reason for Nifty Underperformance is Reliance.
  12. Reliance is down 6% in last few trading sessions.
  13. Once Reliance settled and bottoms out then Nifty will fly.
  14. Global Markets are also Positive overall.
  15. The Sentiment and the Underlying tone is Bullish.
  16. July series we have many important events lined up.
  17. Companies are going to declare their results.
  18. In the Month of Corporate results Declaration we can expect Markets to make big move on the either side.
  19. U.S Inflation data has also come lower than anticipation is also a positive news.
  20. Delta Plus Variant spreading faster than ever plus new restrictions in Maharashtra is a negative news.
  21. Nifty might Trade between 15820-16020 today.
  22. stockmarketadvisory.in

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