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Pre - Market Analysis (22nd September 2022)


  1. U.S Markets closed lower yesterday.
  2. Right now , Dow futures are lower.
  3. Asian markets are lower.
  4. SGX Nifty is down 100-120 Points.
  5. Today we are likely to have a gap down opening.
  6. Reason is the U.S FED policy.
  7. Yesterday, the Fed Chairman has increased the rates by 75 basis points.
  8. Market expectations were 100 basis points.
  9. This was a third straight increase of 75 basis points to tackle inflation.
  10. Inflation in U.S has been above 8% Consistently since past many months.
  11. FED has to be ultra aggressive in tackling the same 
  12. FED was also a bit Hawkish and commented that there would be more rate hikes in future.
  13. U.S markets were highly volatile and we're moving all over the places.
  14. Finally closing lower.
  15. 17400 to 18100 is the range for Nifty.
  16. This is a broader range 
  17. Within this range market has been making huge swings 
  18. Indian Markets are outperforming U.S Markets.
  19. 17500 PE has the highest open interest today.
  20. This would be a good support for today.
  21. Resistance to kick in near 17800.
  22. Nifty might Trade between 17500 to 17800 today.
  23. stockmarketadvisory.in

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