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Pre - Market Analysis (6th October 2021)

  1. U.S Markets closed higher Yesterday.
  2. Asian Markets were higher.
  3. SGX Nifty right now is at 17780.
  4. Talk of the town is Moody's upgrade.
  5. 2 years ago Moody's had rated a Negative outlook for India.
  6. Yesterday they have changed their stance and have changed it to stable.
  7. This is a positive local news.
  8. Yesterday I had mentioned that any dip due to Global cues should be bought into.
  9. Market opened 30 points lower Yesterday and it was a perfect buying opportunity.
  10. We have crossed important resistance of 17750 on Nifty.
  11. 17750 had the highest open interest in weekly options & these writers had to run for cover Yesterday.
  12. Our Market is fairly strong and every dip is a buying opportunity.
  13. 18000 for the Nifty is on the cards and Market will surprise you on the upside.
  14. Reliance led the rally after 2 pm.
  15. Reliance was up 2% yesterday after 2 pm and this led to large rally.
  16. PSU Bank's especially SBI looks strong and can reach 500 in short term.
  17. India VIX was down another 3% yesterday.
  18. In October series India VIX has fallen each and everyday.
  19. Option writers have been enjoying this but now premiums are not that attractive.
  20. Nifty might Trade between 17720 to 17900 today.


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