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Pre - Market Analysis (7th June 2021)

  1. U.S Markets closed positive on Friday.
  2. Job numbers reported were below expectations.
  3. Markets expect that if Job numbers are lower Fed wouldn't increase interest rates in near future.
  4. In Bull Markets news are interpreted seperately even if it's Negative.
  5. Right now U.S Futures are Asian Markers are down slightly.
  6. SGX Nifty is trading near 15750.
  7. Bank Nifty unperformed on Friday.
  8. There was not much out of RBI Policy but banks witnessed huge profit booking.
  9. In U.S they say if one Index hits fresh highs and Other Index do not follow then we are not in a Bull Rally.
  10. Rally will fizzle out in coming time.
  11. So if this is a Bull Market and if this is to continue Bank Nifty should touch it's all time highs sooner than later.
  12. Nifty is at its all time highs.
  13. Mid cap index has already crossed all time highs.
  14. Small Cap index has also done.
  15. Bank Nifty is the only laggard currently.
  16. PSU Banks are likely to Outperform than Private Banks.
  17. SBI default numbers were lowest in this Quarter in the last 4 years.
  18. I expect SBI to lead Bank Nifty rally.
  19. We are in a Bull Market and this is likely to continue.
  20. Buy on dips to apply.
  21. Nifty might Trade between 15660-15820 today.


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