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Pre - Market Analysis (8th August 2022)


  1. U.S Markets closed mixed on Friday.
  2. Right now Dow futures are lower.
  3. Asian markets are mixed.
  4. SGX Nifty is down 20-30 points.
  5. We are likely to open flat today.
  6. This is a truncated expiry as Tomorrow is a holiday.
  7. Premium decay will be faster for options.
  8. On Friday I was a bit puzzled looking at market reaction.
  9. Before every RBI meet VIX goes higher and so do option premiums.
  10. On Friday all options were already down 30% before the meet.
  11. This gave an Indication that RBI meet is probably considered as a non - event from market stand point.
  12. 17200 to 17500 is the range for nifty currently.
  13. Within this range Nifty is making wild swings.
  14. This week we have the most important U.S Inflation data coming up on Thursday.
  15. Before this Data markets could be sideways.
  16. Expected Inflation is 8.7%.
  17. SBI posted it's results and they were below Street estimates.
  18. Bank Nifty might underperform today.
  19. Nifty if crossed above 17500 should provide a huge short covering.
  20. Nifty might Trade between 17200 to 17500 today.
  21. stockmarketadvisory.in

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