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Pre - Market Analysis (22nd July 2022)


  1. U.S Markets closed higher Yesterday.
  2. Asian markets are mixed 
  3. Dow futures are slightly lower right now 
  4. SGX Nifty is as flat as it can get.
  5. Yesterday market opened with a mild gap down.
  6. That gap down was immediately bought into.
  7. Markets were steady throughout the day.
  8. Until 2 pm there was slight profit booking and Nifty came close to 16500.
  9. As soon as Nifty touched support of 16500 there was a shap recovery.
  10. Nifty closed above 16600 yesterday.
  11. I keep listening that 16600 is achieved now market will fall 
  12. 16700 is the last target after that it won't go higher etc 
  13. I don't follow all these targets stuff etc.
  14. In an uptrend no resistance works.
  15. In an downtrend no support level works.
  16. Markets price action will tell you when it starts reversing 
  17. Right now there's no such sign.
  18. Banks are leading this rally with slight participation from all sectors.
  19. ECB has raised interest rates by 50 basis points yesterday.
  20. Still there was no panic or reaction from the market.
  21. When Market starts ignoring negative news that means it is super Bullish sign.
  22. Nifty might Trade between 16500 to 16800 today.
  23. stockmarketadvisory.in

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