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Pre - Market Analysis (2nd September 2021)


  1. U.S Markets closed flat Yesterday.
  2. Asian Markets are lower currently.
  3. Dow Futures are mildly lower.
  4. SGX Nifty is Trading at 17100.
  5. Yesterday the frontline indices closed lower after continued 3 trading days of upswing.
  6. This was on the cards & expected.
  7. After such a fanstastic rally , Market participants would prefer to book profits.
  8. Yesterday was just a normal profit booking day.
  9. Infact Yesterday's profit booking is very good for the Bull Market in long term.
  10. Markets cannot keep going up without pause.
  11. Intermittent pause and profit booking keeps it healthy for longer term.
  12. Auto Companies have been posting disappinting numbers.
  13. Hero Moto Corp reported 22% sales decline in two wheeler segments.
  14. GDP number reported was at par with Expectations.
  15. There were no surpirses nor disappointments on that front.
  16. Yesterday I mentioned the Expiry range between 17000-17250 & that worked very well for Yesterday.
  17. Continue with the similar view even for today.
  18. Expecting the Consolidation to continue for today as well.
  19. I've sold 17000 PE and 17250 CE at 20₹ each Yesterday.
  20. Expecting both to go to Zero by day end.
  21. Nifty might Trade between 17000 to 17250 today.
  22. stockmarketadvisory.in

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