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Pre - Market Analysis (2nd September 2022)


  1. U.S Markets closed higher Yesterday.
  2. Right now , Dow futures are lower.
  3. Asian markets are lower.
  4. SGX Nifty is indicating a flat opening.
  5. It's a good news for the Bulls that U.S Markets showed resilience yesterday.
  6. Nasdaq underperformed Yesterday.
  7. In last 12 sessions Nasdaq is down 12%.
  8. After a relief rally in IT Stocks again pressure is being exerted.
  9. India VIX was up 10% yesterday at one point of time.
  10. After 3 pm there was a crash in India VIX & option premiums got eroded.
  11. 17200 to 18000 is the larger range for Nifty.
  12. Smaller range won't work in this market coz of huge Volatility.
  13. Expecting a Consolidation in the short run.
  14. Generally when there is huge Volatility market either tops out or bottoms out.
  15. Chances of market topping out at 18k is quite high right now.
  16. Bank Nifty is however outperforming Nifty.
  17. It's more likely that Bank Nifty could outperform from here.
  18. Reliance looks strong and once it takes out all time high it would be heading to 3000 levels.
  19. Nifty might Trade between 17350 to 17650 today.
  20. stockmarketadvisory.in

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