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Pre - Market Analysis (6th August 2021)

  1. U.S Markets closed at fresh record highs Yesterday.
  2. Asian Markets are mostly Positive.
  3. SGX Nifty is Trading near 16330 as on 7.30 AM.
  4. Dow Futures are slightly Negative.
  5. Yesterday the major event was Idea Bankruptcy.
  6. Idea has approached to Govt of India for handing over the company.
  7. Idea has liabilities more than 1.8 lakh crores.
  8. It has to repay loans to many major banks.
  9. SBI loan book includes 11000 crore given to idea and IDFC first Bank's 3% loan book is of Idea.
  10. Due to this turbulence markets were lower In the first half yesterday.
  11. In 2nd half FII's have started to buy and Msrkets have made a top.
  12. Now the Situation has been changed slightly.
  13. Previously , DII's used to buy and FII's used to sell.
  14. Now it's the other way round.
  15. When FII's start to buy they won't stop and buy on a continuous basis.
  16. RBI policy was a Non event yesterday as expected.
  17. 16000 is going to be a strong support this Expiry on Nifty.
  18. Now this is a buy on dip Market.
  19. Wait for Dips to enter into this Market and you will be rewarded.
  20. Nifty might Trade between 16220 to 16420 today.


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