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Pre - Market Analysis (12th September 2022)


  1. U.S Markets closed higher on Friday.
  2. Right now Dow futures are Flat.
  3. SGX Nifty is flat.
  4. Asian Markets are mixed.
  5. There wasn't any major newsflow over the weekend.
  6. Nifty on Friday retested 17800 and bounced from this level.
  7. 18000 is a stiff resistance from here on.
  8. On Friday bank Nifty closed above 40k significantly.
  9. Which is quite a Bullish sign for Banks.
  10. FII's were net buyers on Friday.
  11. DII's were net sellers.
  12. FII's shorts now stand at 78% .
  13. U.S August Inflation data is due tomorrow.
  14. Markets are likely to be jittery on the back of the Inflation data.
  15. Until the data gets announced expecting a sideways market.
  16. SBI has crossed it's 52 week highs & has been fresh all time highs on a daily basis now.
  17. For Momentum traders and trend followers this is the stock to watch.
  18. I strongly feel if Bank Nifty has to rally it should be with the help of SBI.
  19. Nifty might Trade between 17700 to 18000 today.
  20. stockmarketadvisory.in

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