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Pre - Market Analysis (7th June 2022)


  1. U.S Markets closed flat yesterday.
  2. Right now Dow futures are lower.
  3. Asian markets are lower.
  4. SGX nifty is indicating 100 points gap down.
  5. This seems to be a action replay of yesterday.
  6. Yesterday as well we opened with same gap down
  7. Defended the lower range of 16400 and moved higher.
  8. Today as well we are again retesting the lows as per SGX.
  9. Not much has changed within 24 hours so I believe lows to to defended today.
  10. 16400 should be kept as a stoploss for long positions.
  11. Once this is taken out then expect more downfall.
  12. There is high open interest in all the call options.
  13. Put options below 16300 have added good open interest as well.
  14. So the range seems to be pretty clear.
  15. Bank Nifty has showed strength yesterday and it's likely to continue.
  16. 35000 is a strong support.
  17. Yesterdays low is to kept on track as it offers a great buying opportunity.
  18. There will be a lack lustre price action so be modest and take small gains.
  19. Nifty might Trade between 16380 to 16600 today.
  20. stockmarketadvisory.in

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