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Pre- Market Analysis (4th August 2021)


  1. U.S Markets closed higher Yesterday.
  2. Asian Markets are also higher.
  3. SGX Nifty is trading above 16200.
  4. Dow futures are also higher.
  5. Yesterday we finally broke out above 16k.
  6. 16k had huge call writing.
  7. Both in weekly and monthly expiry.
  8. When we broke out above 16k. All these writers had to run for cover.
  9. And this propelled Nifty higher.
  10. It was a huge short covering rally as soon as we crossed 16k.
  11. My prediction of Nifty not crossing 16k was wrong but I still made money.
  12. So there's no reason for me to be unhappy.
  13. Today the main Event is SBI results.
  14. SBI has a history of Declaring fantastic results.
  15. In the past as and when SBI declared results 
  16. Bank Nifty rallied at least 400 points 
  17. Today would be very intresting for Bull's.
  18. I know many People who are still short on this Market.
  19. Due to arrogance that Market should fall.
  20. These will have bleeding red on their trades.
  21. There's still upside left from here.
  22. SBI results will decide due course of action.
  23. Nifty might Trade between 16120 -16340 today.
  24. stockmarketadvisory.in

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