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Pre - Market Analysis (29th October 2021)


  1. U.S Markets closed at record highs yesterday.
  2. Right now Asian Markets are mixed.
  3. SGX Nifty is flat at 17880.
  4. The talk of the town is IRCTC.
  5. Government has announced that IRCTC has to share 50% of convenience fee with Govt.
  6. The stock is in split and shares have not been credited yet to demat.
  7. This sudden news will cause a panic in the Market.
  8. People invest in the company looking at its management and Trust .
  9. IRCTC was preferred because of its Monopoly and no intervention in Corporate Governance.
  10. This change will hit a big damage and impact the reputation of the Management.
  11. October Expiry was the worst for Bulls.
  12. Markets crashed Yesterday due to heavy FII selling and also Expiry related issues.
  13. 17800 is the critical level for today.
  14. If we close below 17800 today then it's time to become bearish in the short run.
  15. If we manage to hold on today then we can expect stability going forward.
  16. Traditionally November is a very good month for Bulls.
  17. Last 3 Years November has given positive returns.
  18. Last Month it was 11% return in November for Nifty.
  19. Nifty might Trade between 17800 to 18000 today.
  20. stockmarketadvisory.in

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