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Pre - Market Analysis (11th October 2021)

  1. U.S Markets closed flat on Friday.
  2. Right now , Asian Markets are higher.
  3. SGX Nifty is at 17900.
  4. TCS has declared results over the weekend and the results seem sub-par.
  5. We cannot judge how a stock reacts just after results as it depends on the long -short position existing during that instance.
  6. IT Stocks have run up quite a lot factoring in good results and now any sort of disappointment could be damaging.
  7. Over the weekend Reliance announced Takeover of Solar company.
  8. It was done to tighten its grip in the power sector.
  9. 18000 CE has the highest open interest in weekly as well as monthly expiry.
  10. Despite Nifty going to 17940 on Friday , open interest kept adding.
  11. These sellers are quite confident on Nifty not taking out 18k soon.
  12. If by any means 18k gets taken out , Market will rally 100-200 Points in no time.
  13. All these writers could be trapped propelling the Market higher.
  14. RBI Policy as expected was status quo on Friday and INDIA VIX fell considerably.
  15. Option premiums on both the sides are very low for October series.
  16. We have 12 trading sessions in October now as we are having two public holidays.
  17. Decay will be faster citing the same.
  18. Any dip close to 17850-17800 is a buying opportunity.
  19. Look to build positions on dips towards the long side.
  20. Nifty might Trade between 17800 to 18000 today.


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