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Pre - Market Analysis (9th December 2021)


  1. U.S Markets closed slightly higher yesterday.
  2. Dow futures and Asian markets are mixed now.
  3. SGX Nifty is trading at 17550.
  4. Yesterday we had a big short covering rally in our Markets.
  5. Nifty has come near it's higher range of 17500-17600.
  6. Im not much hopeful of today's gap up and I feel it should be sold into durring the day.
  7. Markets have rallied on the back of short covering and positive Global Cues.
  8. Now it's the time for Consolidation / Profit booking.
  9. 17400 PE has the highest open interest for today's weekly expiry.
  10. This should act as a strong support and if this breaks we might see much more downside from here.
  11. 17530 is the 20 DMA for Nifty and 17600 Is the higher range so if one is long the profits should be taken off here.
  12. FII selling has reduced but the numbers are not that great yet.
  13. FII long position is at 73% which suggests a profit taking zone.
  14. Also Yesterday FII's have net sold in Cash and Futures Market.
  15. Today we might have a Volatile expiry considering yesterday was a trending day.
  16. Markets are killing and chopping off the traders on both sides.
  17. Nifty has made a swing of 1800 points in last 6 trading sessions.
  18. Nifty might Trade between 17400 to 17600 today.
  19. stockmarketadvisory.in

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