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Pre - Market Analysis (17th August 2022)


  1. U.S Markets closed higher Yesterday.
  2. Asian markets are mixed.
  3. SGX Nifty is close to 17900 right now.
  4. Yesterday markets opened with a huge gap up and traded flat throughout.
  5. After 3 pm there was a 50 points short covering in Nifty.
  6. Nifty closed at the highest point of the day Yesterday.
  7. When markets close at the highest point of the day & unless there are no significant negative news.
  8. Chances of a gap up opening on the next day are high.
  9. Similar when Market closes at the lowest point of the day.
  10. IT Index is likely to cross the Important level of 30,000.
  11. There is not a slight indication of reversal yet.
  12. When Market gives you a sign of reversal you should book profits on longs.
  13. When there are no such signs it's better to keep riding the long Positions.
  14. FII's are momentum traders.
  15. Once they start buying they won't go back.
  16. They continuously keep buying and buying and buying.
  17. 18000 CE has the highest open interest in monthly options.
  18. Once this level gets taken out there would be fireworks 
  19. My simple message right now is not to assume anything.
  20. There are no signs of reversal yet 
  21. Do not look to short this market.
  22. Look to buy at dips and ride the trend.
  23. Wednesdays have been quite volatile in the past 
  24. So today you might get an opportunity to enter at low levels coz of Volatility.
  25. Nifty might Trade between 17700 to 18000 today.
  26. stockmarketadvisory.in

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