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Pre - Market Analysis (3rd September 2021)


  1. U.S Markets closed higher Yesterday.
  2. Asian Markets are higher.
  3. Dow Futures are Flat.
  4. SGX Nifty is Trading at 17300.
  5. Yesterday at opening we had a slight gap down and it was immediately bought into.
  6. Any sort of dip the Bulls are latching onto it.
  7. Specially for Nifty , Previously Nifty finance used to have 35% weightage and IT near about 17%.
  8. Now the Nifty composition has changed.
  9. Nifty IT because of the Mammoth rally in last year has now become equal to Nifty finance.
  10. Both Nifty IT and Finance have 27% equal weightage.
  11. IT Stocks are in a tremendous Bull run.
  12. This last happened in 1999 before Dot com bubble.
  13. I do not see IT Stocks stopping here.
  14. The Momentum will continue further and has lots of steam left.
  15. Now the focus should be on Nifty than Bank Nifty.
  16. As Nifty IT has been outperforming Nifty is gaining momentum.
  17. Bank Nifty is underperforming and will continue to underperform Nifty in long term.
  18. So focus should be on outperforming index rather than thinking the Underperforming Index would catch up.
  19. 17500 for Nifty is the next target and that should be achieved by coming Expiry.
  20. Any sort of dip on Nifty should be bought into.
  21. 17000 is a strong support on Nifty for September Month now.
  22. Nifty might Trade between 17180 to 17420 today.
  23. stockmarketadvisory.in

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