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Pre - Market Analysis (10th Jan 2022)

  1. U.S Markets closed lower on Friday.
  2. U.S reported poor job numbers data and that led to selling in the Market.
  3. Asian markets on Friday and today are outperforming global Markets.
  4. SGX Nifty is at 17930.
  5. Market has reversed twice from levels of 17900-17950.
  6. We are likely to open near the resistance.
  7. 17900 CE has added good open interest on Friday.
  8. 18000 CE has the highest open interest both in weekly and monthly options.
  9. Markets are likely to face pressure at these levels.
  10. Bank Nifty 38000 CE has added highest open interest.
  11. This week is going to be quite important for the Market.
  12. This is because we are going to have lots of news flow.
  13. India and U.S both will be announcing inflation data.
  14. IIP data will also be announced by India.
  15. IT companies are set to declare results on Wednesday.
  16. This would be coming in after Market hours.
  17. So this expiry could be turbulant considering all such news in hands.
  18. 17650 to 17950 is my range for Nifty.
  19. Unless any of the level breaks on upside or on downside I would like to trade this range only.
  20. Nifty might Trade between 17700 to 17950 today.


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