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Pre - Market Analysis (30th August 2022)


  1. U.S Markets closer lower yesterday.
  2. Right now Dow futures are slightly higher.
  3. Surprisingly SGX Nifty is indicating a gap up today.
  4. Bears would love to sell this kind of gap up.
  5. In such a bearish trend gap ups tend to be sold into.
  6. Gap downs tend to be bought into.
  7. Yesterday Nifty opened with a large gap down.
  8. This gap down got bought into.
  9. Market was firm throughout yesterday after a large gap down.
  10. India VIX had crossed 20 Yesterday at open.
  11. IT Index after a large rally again seems to be under pressure.
  12. This year isn't a trending year for the markets.
  13. This is a complete Consolidation Year with huge sideways movements.
  14. In this market one cannot trade each and every day and also all the time.
  15. That becomes very much difficult.
  16. Whenever you say expect a 1000 point trade on index you enter take profits and sit on the sidelines.
  17. This is the best way to approach this kind of high volatile markets.
  18. I expect markets to be bearish over the short term.
  19. 17200 is a good support for Nifty & this got held yesterday.
  20. 17500 is a good resistance.
  21. Break of any of the two levels would lead to a trending move.
  22. Nifty might Trade between 17200 to 17500 today.
  23. stockmarketadvisory.in

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