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Pre - Market Analysis (9th 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 15670.
  5. Yesterday we witnessed a huge profit booking during the day.
  6. Expiry related issues also contributed to the downfall.
  7. Expiry related issues means those trading in weekly options have to square up their positions the same day.
  8. Thus leading to further fall.
  9. A Positive which we had Yesterday was Nifty didn't break crutial level of 15700.
  10. 15700 was managed to hold yesterday.
  11. From last 4 weeks Nifty is trading within 15700 to 15900.
  12. This is a very narrow range.
  13. Yesterday we fell due to Global Markets jitter.
  14. Delta variant cases are growing much faster than expected.
  15. Some Asian Countries have announced higher restrictions due to the same.
  16. Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove.
  17. TCS has declared results yesterday and are good at first sight.
  18. India VIX shot up 11% yesterday.
  19. Volatility is likely to increase going ahead.
  20. Nifty might Trade between 15620 to 15840 today.
  21. stockmarketadvisory.in

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