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Pre - Market Analysis (2nd August 2022)


  1. U.S Markets closed lower Yesterday.
  2. After 4 consecutive massive upward days yesterday there was a bit of profit booking.
  3. Asian markets are trading lower.
  4. SGX Nifty is trading close to 17300.
  5. Today after many days we are about to open flat / negative.
  6. Last 3 trading sessions we opened with huge gap up on daily basis.
  7. FII's have turned net buyers.
  8. They have bought for over 2000+ crores yesterday.
  9. DII's as usual do opposite of what FII's do.
  10. DII's booked some profits yesterday.
  11. Consolidation is the need of the hour for Bulls.
  12. Markets cannot keep going higher at such rapid pace.
  13. If it keeps going higher at this pace , as and when fall comes it will be severe.
  14. We have RBI event coming up this Friday
  15. It's better if we don't go into the event with huge optimism.
  16. India VIX was up 6% yesterday after many days.
  17. Bank Nifty is now close to 38000.
  18. Just before a Month I was hearing about recession everywhere.
  19. The term recession has been wrongly interpreted.
  20. There are 2 terms , recession and slowdown.
  21. Right now we are witnessing slowdown in Global economy and not recession.
  22. Recession is where more than 50% of the Corporates lose their Jobs.
  23. Nifty might Trade between 17200 to 17400 today.
  24. stockmarketadvisory.in

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