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Pre - Market Analysis (28th December 2021)


  1. U.S Markets closed higher yesterday.
  2. S&P 500 hit a fresh all time high.
  3. SGX Nifty is trading at 17200.
  4. Both the U.S Market futures and Asian markets are slightly lower now.
  5. Yesterday it was a highly volatile day.
  6. Nifty fell nearly to 16800 in first hour.
  7. Then shot up nearly 250 points from lows to close at 17100.
  8. Today another 100 point gap up is on cards.
  9. So the Market is making life highly difficult for positional traders.
  10. Intraday traders finding it a bit easier to handle the same.
  11. FII's have sold just over 1000 crores yesterday.
  12. Because of year end there are very low volumes of indices and stocks 
  13. Any small sell / buy order is creating large moves.
  14. RBL Bank panic caused the first hour selling yesterday.
  15. But immediately the Market saw some stability at lower levels.
  16. This huge gap up today I don't think could be sustained.
  17. 17150 , 17200 is an immediate resistance so this should negate the rally.
  18. If we sustain over these levels for 30-45 mins then we could continue the momentum on upside.
  19. Nifty might Trade between 16900-17250 today.
  20. stockmarketsdvisory.in

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