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Pre - Market Analysis (11th November 2021)


  1. U.S Markets closed lower yesterday.
  2. U.S Inflation data has come at a multi decade high of 6.2% for October.
  3. This is the highest number in last 30 years.
  4. Dow futures and Asian markets are currently higher now.
  5. SGX Nifty is trading at 17960.
  6. Nifty is consolidating within a range of 17800 to 18100.
  7. Within this range it's been trading with high Volatility.
  8. Markets are waiting for some fresh triggers to give a fresh move.
  9. FII's have been consistently selling since October End.
  10. The magnitude has reduced than before but selling has not stopped.
  11. Yesterday due to Reliance Market was stabilized.
  12. Reliance seems to have bottomed out near 2500-2480.
  13. Before results it was near 2750 but witnessed profit booking and came to 2500.
  14. Reliance is an index heavyweight and a very important component for Nifty.
  15. Zomato has come with its results yesterday and it worsens every quarter.
  16. Losses increase to 500 crores in a quarter.
  17. A loss making start up acquires stake in other profit making start ups to reduce losses.
  18. I don't understand this start up saga and it's better to stay away as the valuations are through the roof.
  19. Nifty might Trade between 17880 to 18050 today.
  20. stockmarketadvisory.in

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