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Pre - Market Analysis (5th August 2022)


  1. U.S Markets closed mixed Yesterday.
  2. Nasdaq closed in green but Dow Jones closed slightly negative.
  3. Asian markets are mostly higher.
  4. SGX Nifty is up 70-80 points.
  5. Yesterday was a highly volatile trading session.
  6. Nifty futures af one point of time crossed 17500 & from there it fell drastically.
  7. Nifty even broke 17200 at one point and then there was huge recovery in second half.
  8. India VIX was up 12% at one point of time.
  9. As soon as Nifty fell below 17200 I checked Global markets.
  10. All the Global markets were trading normally without any negative bias 
  11. It was just our market which was Volatile yesterday.
  12. Reason is weekly options expiry.
  13. Yesterday was the weekly expiry and when there's huge put writing or call writing on one side and that level gets broken.
  14. It leads to big moves.
  15. Today we have the RBI meeting.
  16. RBI is expected to raise rates by 40 basis points.
  17. Most importantly , the commentary will be watched keenly by the market participants.
  18. Anything below 40 basis points will be considered as a big positive for the markets.
  19. Nifty might Trade between 17300 to 17600 today.
  20. stockmarketadvisory.in

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