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Pre - Market Analysis (20th December 2021)

  1. U.S Markets closed lower on Friday.
  2. Asian Markets were also lower.
  3. Right now Dow futures and Asian markets are down.
  4. SGX Nifty is down 100 points indicating opening around 16900.
  5. If one Remembers , last time we closed near 16900.
  6. The next day we had a huge gap up and a big rally from there.
  7. Today we are likely to open near 16900.
  8. 16800 is a short term low on Nifty.
  9. We had made a panic bottom around these levels previously.
  10. The Momentum is quite strong towards the downside.
  11. Many Index heavy weights are below it's 200 DMA.
  12. Bank Nifty already below it's 200 DMA.
  13. Trading below 200 DMA indicates a short term bear Market.
  14. Everything isn't worse.
  15. Today's first hour is crutial.
  16. If we sustain today's low and start to recover during the day then we might have double bottom at 16800.
  17. Which is a Possibility.
  18. Purely from risk reward type it's advisable to exit short Positions at open.
  19. Buy trade with a stoploss of 16800 offers a good risk reward 
  20. Nifty might Trade between 16850 to 17150 today.


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