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Pre - Market Analysis (18th August 2022)


  1. U.S Markets closed Flat Yesterday.
  2. Asian markets are mixed.
  3. SGX Nifty is close to 17940 right now.
  4. Yesterday markets broke out of 17900 and now are closer to 18000.
  5. 18000 is important as 18000 CE has the highest open interest.
  6. Highest amount of calls have been written for 18000 CE strike price.
  7. Plus round figures always act as psychological resistance too.
  8. Today is the weekly expiry and as of now the range is 17800 to 18000.
  9. 17800 is a strong support level and 18000 might act as resistance.
  10. Markets will gain steam once 18000 is taken out.
  11. Today could be a side-ways expiry.
  12. But nothing can be said as markets can always surprise you.
  13. IT Index has crossed 30k.
  14. Sensex yesterday hit a landmark of 60k.
  15. Sensex and Nifty both are now just 3% away from all time highs.
  16. So this isnt just a Bull Market , it's a raging Bull Market.
  17. India VIX closed below 18 yesterday.
  18. Bank Nifty is close to important levels of 40k.
  19. Once these important levels are taken out then we move towards all time high of 18600.
  20. Nifty might Trade between 17800 to 18020 today.
  21. stockmarketadvisory.in

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