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Pre - Market Analysis (27th September 2022)


  1. U.S Markets closed lower yesterday.
  2. Right now , Dow Futures are higher 
  3. SGX Nifty is up by 80-100 points 
  4. 100 point gap up / gap down has become a normal routine now 
  5. Markets now have become highly volatile.
  6. Yesterday as soon as markets opened there was a heavy sell off.
  7. Throughout the first half markets were sliding.
  8. Finally Nifty found some support near 17k.
  9. There was a short covering bounce from 17k to 17150.
  10. That was sold into during the end of the day.
  11. Put Call Ratio right now is at 0.58
  12. Max PCR I have seen in my life is 0.8.
  13. Generally markets bottom out at 0.8 PCR.
  14. This is astonishing and the markets are too oversold 
  15. Any Positive trigger could easily take markets higher by 300-500 points.
  16. 17000 to 17200 is the range for now.
  17. Breach of any of these level could give a trending move.
  18. Until then markets is likely to be volatile within the range 
  19. The reason for such bearishness is Rupee depreciation.
  20. Rupee is now at 81.5 against US Dollar 
  21. Currencies all over the World are depreciating.
  22. This is exerting pressure on markets.
  23. IT Stocks outperform during such scenario as depreciating rupee is the most beneficial for them.
  24. Nifty might Trade between 16950 to 17250 today.
  25. stockmarketadvisory.in

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