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Pre - Market Analysis (11th August 2022)

  1. U.S Markets closed higher Yesterday.
  2. Dow futures are slightly higher right now.
  3. Asian markets are higher.
  4. SGX Nifty is up 200 points.
  5. Yesterday we had a very flat session.
  6. Nifty traded within a small range of 100 points throughout the day.
  7. Markets were waiting for the U.S Inflation data to be out.
  8. Expected Inflation was 8.7% but it came at 8.5% which was much lower than expected.
  9. This led to a fierce rally in the markets all over the World.
  10. U.S VIX crashed 10% yesterday.
  11. This is because another event now is out of the way.
  12. Now 17500 becomes a very strong support after today's big gap up.
  13. Many market participants still not believing this rally and calling it as a Bear market bounce.
  14. I do not think so.
  15. Bull market has started in July and this is a continuation of the same 
  16. FII's have been net buyers in previous 9 trading sessions.
  17. They are on a buying spree and once they begin to buy they usually do not stop.
  18. Today all the call writers would be in trouble.
  19. 17600 , 17650 , 17700 added good open interest yesterday.
  20. All these will be in trouble at open.
  21. This will push the Market higher.
  22. Nifty might Trade between 17600 to 17840 today.


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