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Pre - Market Analysis (23rd 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. Markets yesterday were highly volatile.
  7. Reason was the gap down and also weekly expiry.
  8. Weekly expiry issues trigger huge Volatility Intraday.
  9. Markets yesterday opened lower then recovered close to 17700 followed by another round of selling close to 17550.
  10. Dow futures from negative turned positive & Nifty again went to days high.
  11. From there closing lower close to 17600.
  12. So it was all over the place yesterday.
  13. Issue is now with U.S Markets 
  14. U.S Markets are making lower lows on a daily basis now 
  15. Yesterday as well U.S markets closed lower.
  16. With Global sentiment being so bearish so cannot keep going higher at a brisk pace.
  17. 18000 is a strong resistance from here on.
  18. Generally last week of the month are more Volatile 
  19. Gamma effect also kicks in.
  20. Yesterday Bank Nifty gave the first sign of profit booking 
  21. Financials led the Market in last 1 month.
  22. Now people seem to be booking profits .
  23. Time to be cautious.
  24. Nifty might Trade between 17350 to 17650 today.
  25. stockmarketadvisory.in

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