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Pre - Market Analysis (18th Jan 2022)

  1. U.S Markets were closed Yesterday.
  2. Due to Martin Luther King Day.
  3. Yesterday for whole of the day U.S Futures were flat.
  4. Right now they are flat and Asian markets are slightly higher.
  5. SGX nifty is up by 10-20 Points.
  6. Yesterday we briefly broke out of 18300.
  7. Momentum was slow as global Markets were muted.
  8. Momentum is likely to pick up in coming time once we sustain above 18300.
  9. HDFC Bank closed a percent lower Yesterday.
  10. Everybody expected HDFC Bank to go higher Yesterday.
  11. Movement of a Stock after its results is very difficult to predict.
  12. Specially the day after results.
  13. Expecting both the HDFC Twins to stabilize from today.
  14. 18300 short straddle added large open interest yesterday.
  15. Option sellers are playing for a range of 18000 to 18600.
  16. We have 7 trading sessions left for expiry including today.
  17. So theta decay will be fast going ahead.
  18. DII's and FII's were net sellers yesterday yet we closed at the highest point of the day.
  19. This continues to be a buy on dip market.
  20. Nifty might Trade between 18200 to 18400 today.


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