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Pre - Market Analysis (3rd Feb 2022)


  1. U.S Markets closed higher yesterday.
  2. Asian markets are higher.
  3. Right now Nasdaq and S&P 500 futures are lower.
  4. This is because Facebook has declared results and it's not as per Expectation.
  5. Stock is down 20% in the pre open and that's dragging Nasdaq.
  6. As Nasdaq is a Technology Index.
  7. Last 4 days has been a fantastic rally in the U.S Markets .
  8. Last 4 days Dow shot up 1000 points and Nasdaq as well.
  9. Nifty has also recovered from 16850 to 17800.
  10. This is again a superb rally from lows.
  11. I have been saying from 17000 that we have bottomed out at 16850 and budget will cause momentum on the higher side.
  12. Same has happened.
  13. 17700 PE of today's expiry has the highest open interest.
  14. 18000 CE in the monthly options have got highest open interest.
  15. Range seems to be between 17700 to 18000 for the day.
  16. 17000 PE has the highest open interest in monthly options.
  17. Next highest open interest is at 17500 PE.
  18. The range right now is 17500 to 18000 for a slightly short term point of view.
  19. Nifty might Trade between 17700 to 17900 today.
  20. stockmarketadvisory.in

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