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Pre - Market Analysis (19th Jan 2022)

  1. U.S Markets closed lower Yesterday.
  2. During our Trading hours , U.S markets were lower by 1.5% on all Indices.
  3. This was due to rise in Bond Yields and Crude prices.
  4. Dow futures and Asian markets are lower now.
  5. SGX Nifty is down 20-30 Points.
  6. Yesterday during trading hours news broke out that FM Nirmala Sitharaman is going to address an Important economic issue 
  7. People were anticipating some reforms due to COVID.
  8. But it was actually more of Political one than Economical.
  9. This has even more dented the sentiment of investors.
  10. Bajaj Finance came up with excellent results yesterday.
  11. Yesterday was a high volatile trading day.
  12. Nifty tested 18350 and then reversed significantly.
  13. Today as well there would be weakness in the Markets 
  14. 18000 is a strong support both on weekly and monthly basis.
  15. This should provide cushion.
  16. 38000 is a strong support on Bank Nifty.
  17. We are likely to open near 38k on Bank Nifty.
  18. Texture is weak now until global Markets recover.
  19. Nifty might Trade between 18000 to 18200 today.
  20. stockmarketadvisory.in

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