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Pre - Market Analysis (14th September 2021)

  1. U.S Markets closed higher Yesterday.
  2. Dow Jones for the first time closed in green after 5 Consecutive negative days.
  3. Right now Dow Futures are higher.
  4. SGX Nifty is near 17410.
  5. Yesterday as soon as Markets opened there was a big dip in the Market.
  6. Nifty touched 17250-17270 yesterday and from there recovered towards the end of the day.
  7. India VIX was up 5% as soon as we opened.
  8. Towards Closing , India VIX closed lower.
  9. 17400 CE has a huge open interest this weekly expiry.
  10. Today we are expected to open gap up.
  11. As per the Indication of SGX Nifty.
  12. If this gap up gets sustained , then we might witness a large short covering rally for this week.
  13. 17250 is a strong support on the lower side.
  14. Yesterday Markets were weak because of Reliance.
  15. Reliance fell 2% Yesterday due to postponement in Jio Mobile launch.
  16. Banks also witnessed large amounts of profit booking Yesterday.
  17. IT led the recovery Yesterday with Infosys touching 1700.
  18. Rangebound view continues until we break out of 17450 decisively.
  19. Nifty might Trade between 17300 to 17480 today.
  20. stockmarketadvisory.in

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