Pre - Market Analysis (13th September 2022)

U.S Markets closed higher Yesterday.
Right now Dow futures are Flat.
SGX Nifty is higher by 80-100 points.
Asian Markets are higher.
Today we have a major event.
U.S Inflation data for August is to released today.
Though I think markets would not react much on this data.
This seems more likely to have been factored in by the markets.
SGX Nifty is indicating a gap up above 18k today.
18k is an important zone for Nifty.
This strike has highest open interest in monthly & weekly options.
Plus this is also a psychological resistance level.
Closing above 18k will open door to 18200.
17800 is a very important support zone for the markets now.
Bank Nifty is outperforming Nifty
Expect Banks to continue outperformance going ahead as well.
Nasdaq is also higher in U.S markets.
This will boost the IT stocks here in India as well.
Nifty might Trade between 17900 to 18100 today.
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