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Pre - Market Analysis (1st October 2021)

  1. U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
  2. Asian Markets are lower.
  3. SGX Nifty is Trading near 17450.
  4. September was a very Good Month compared on close to close basis.
  5. Nifty rallied 900 Points in September.
  6. Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
  7. Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
  8. On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
  9. Generally , gap downs due to Macro news offer a good opportunity to buy into.
  10. I'm Expecting the same for today.
  11. This gap down is a good buying Opportunity for short term traders and long term investors.
  12. October series I'm Expecting a positive situation for our Markets.
  13. Auto Sales data are going to come out today.
  14. I do not expect them to very good and that seems to be priced into the prices.
  15. Markets have been highly volatile from last 10 trading sessions.
  16. I expect Volatility to reduce today.
  17. Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
  18. 17400 should be a good support for the day.
  19. Advisable to sell 17000 PE weekly expiry on today's gap down.
  20. Nifty might Trade between 17400 to 17700 today.


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