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Pre - Market Analysis (24th November 2021)

  1. U.S Markets ended mixed Yesterday.
  2. Asian Markets and Dow futures are mixed now.
  3. SGX Nifty is up 40,50 Points.
  4. This gap up is without any reason and is likely to be sold into in first half.
  5. Yesterday I mentioned a trading range of 17250 to 17500 for Nifty and that worked well.
  6. First trade of buying near 17250 with a stop of 17200 also succeeded.
  7. Many are trading with money from my blog views but always remember I'm right 60-70% of the times.
  8. When I'm right I make money , when I'm wrong I try to minimize losses to the best possible extent.
  9. Net always I try to be profitable due to this.
  10. So if one is trading from my blog it's on your own risk so please follow strict stoplosses mentioned in Blog.
  11. Indian Govt has banned all the private crypto currencies.
  12. Let me put some data here.
  13. India has 10 crores investors of Crypto currencies whereas 7 crore investors in stock Market.
  14. Stock Market which is such a highly regulated old Market has less investors than the most unregulated and risky Market.
  15. Usually the Wednesdays trades are highly volatile and Market makes all kinds of moves.
  16. It's more likely today as well.
  17. 17600 is likely to act as resistance whereas support could come near 17400 today.
  18. So this could be your range for the day to work with 
  19. Nifty might Trade between 17350 to 17600 today.


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