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Pre - Market Analysis (8th July 2022)


  1. U.S Markets closed higher Yesterday.
  2. Right now Dow futures are slightly lower.
  3. SGX nifty is indicating a 100 point gap up close to 16260.
  4. Asian markets are mixed.
  5. Price action and Global markets action depicts market is unwilling to fall.
  6. There has been a lot of stability in our markets from past 13 trading sessions.
  7. Every dip is getting bought and Market is unwilling to go lower.
  8. Global markets as well are highly volatile but at the same time gradually moving higher.
  9. Most important is the VIX.
  10. U.S VIX is now below 25.
  11. India VIX crashed 5% yesterday and is now very comfortable below 20.
  12. Nasdaq has been outperforming now since past 2 weeks.
  13. Same with the Indian IT stocks as well.
  14. Indian IT stocks have bottomed out and are ready to fire.
  15. PSU banks are also on a roll.
  16. These 2 sectors should lead the recovery.
  17. First target of this pullback rally is 16400.
  18. If this is taken out then 16800 opens up.
  19. There won't be a one way move upwards there will be dips and falls in between.
  20. If I were you I wouldn't chase today's gap up.
  21. As we are sitting on a 400 point rally in past 2 trading sessions.
  22. I would wait for a dip and then enter.
  23. Nifty might Trade between 16100 to 16400 today.
  24. stockmarketadvisory.in

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