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Pre - Market Analysis (7th July 2021)


  1. U.S Markets closed lower Yesterday.
  2. Dow futures are slightly lower now 
  3. Asian Markets are mixed.
  4. SGX Nifty is Trading near 15780.
  5. Corporate results have started to kick in for Indian Corporates.
  6. Titan has come up with fantastic results yesterday.
  7. In spite of 2nd wave issues results were exemplary.
  8. Yesterday the star of the show was HDFC bank.
  9. Everybody is aware of HDFC Bank holding the highest weightage in Bank Nifty.
  10. HDFC Bank at one point of time alone contributed 350 point gain Yesterday.
  11. As I've been mentioning to sell Nifty near 15900 and buy near 15700.
  12. The same continued yesterday.
  13. Nifty failed to cross it's important resistance of 15900.
  14. 2nd half witnessed a heavy sell off by the FII's.
  15. Tata Motors was down 10% yesterday.
  16. Stock hit lower circuit yesterday as company expressed concerns over Chip shortage.
  17. Wednesdays are the day before expiry and generally it's expected to be Volatile.
  18. On a close to close basis we might close mostly flat.
  19. Intraday Volatility will Continue.
  20. Nifty might Trade between 15700 to 15900 today.
  21. stockmarketadvisory.in

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