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Pre - Market Analysis (17th December 2021)


  1. U.S Markets closed lower yesterday.
  2. Bank of England hiked the interest rate due to Pandemic.
  3. U.S reported highest number of COVID cases yesterday.
  4. Even though Accenture reported stunning results yesterday , Nasdaq was down 2%.
  5. Yesterday expiry showed the poor performance of our Markets.
  6. There was a huge gap up but it was sold into heavily.
  7. Nifty couldn't even hold onto the gains for an hour 
  8. SGX Nifty right now is at 17290.
  9. Today the most important level to watch out is yesterday low and high.
  10. Yesterday low was about 17190 and high was 17370 thereabouts.
  11. Within these levels Nifty would be in a rangebound territory.
  12. Once if any of these levels gets taken out and it sustains then we can expect a trending move.
  13. India VIx was down 8% yesterday and option premiums are too low.
  14. Specially the Put option premiums are too low.
  15. No point in selling put options at such low premiums when FII's are all out to sell Indian markets.
  16. Yesterday last 30 minutes buying helped Nifty to recover 80+ points else we would've closed negative.
  17. Nifty might Trade between 17100 to 17400 today.
  18. stockmarketadvisory.in

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