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Pre - Market Analysis (22nd August 2022)


  1. U.S Markets closed lower on Friday.
  2. Asian markets are higher.
  3. SGX Nifty is close to 17700.
  4. Markets in Friday second half were highly volatile.
  5. Nifty spot went close to 18k.
  6. Then from there profit booking began.
  7. It was so severe that Nifty fell 250 points from high 
  8. Bank Nifty was even worse 
  9. Such type of corrections happen in bull market.
  10. This isn't the first time we are witnessing the same.
  11. There was no reason for such fall it was just profit booking close to weekend.
  12. Markets have had a fantastic one way rally from 15200 to 18000.
  13. There should be no complaints if there is minor profit booking.
  14. 17600 is the next strong support now.
  15. 17900 CE has got the highest open interest after Friday's fall.
  16. There ain't much stock specific news over the weekend.
  17. PVR is the stock on my radar.
  18. In such a Bullish market this stock is down 14% in last 1 Month.
  19. This is majorly because of poor Bollywood movies.
  20. This wouldn't go on for long as they will realise content is the king 
  21. This stock is a good value buy on dips.
  22. Nifty might Trade between 17600 to 17900 today.
  23. stockmarketadvisory.in

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