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Pre - Market Analysis (23rd June 2022)

  1. U.S Markets closed flat Yesterday.
  2. Right now Dow futures are lower.
  3. SGX nifty is flat.
  4. Yesterday it was a downward trending day.
  5. Nifty found resistance near 15700 on Tuesday and then weakened from these levels.
  6. 15400 was a good support yesterday.
  7. So today the most important level to watch out is 15400.
  8. One can go long near this level with a 50 point stoploss.
  9. But if 15400 breaks and Market starts to weaken then 15200 opens up.
  10. Yesterday U.S Fed said that they are doing their best to control Inflation.
  11. Rate hikes are the only possible tools and U.S Stock Market Recession should continue.
  12. This wasn't a pleasant statement made by Fed.
  13. Yesterday U.K inflation data was announced and it was at 9.1%.
  14. This is the 40 year high Inflation number.
  15. Because of this Markets all over the World witnessed sell off yesterday.
  16. Today expiry should be range bound and don't expect big moves on either side.
  17. Midcaps and small caps are crashing like no tomorrow.
  18. Nifty is misleading as it's only 19% down from top.
  19. The real pain is in Mid and small caps.
  20. Most of these have fallen 30-50%.
  21. We have to get through the pain in order to witness good times.
  22. Nifty might Trade between 15380 to 15600 today.


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