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Pre - Market Analysis (6th Sep 2022)


  1. U.S Markets were closed yesterday.
  2. Right now Dow futures are slightly higher.
  3. Asian markets are mixed.
  4. SGX Nifty is flat.
  5. Yesterday was a Bullish Indian market.
  6. This Bullishness persisted inspite of flat Global cues.
  7. Markets closed almost at the highest point of the day Yesterday.
  8. This is surprising because when I see data it shows otherwise.
  9. FII's short position is 81% 
  10. In spite of having such huge shorts HDFC twins outperformed yesterday.
  11. Data shows FII's have net sold in cash market.
  12. Global markets were flat.
  13. All this events made yesterday rally a bit puzzling.
  14. As everybody knows Indian markets are high beta markets.
  15. We go up fast and come down faster.
  16. 17500 PE has added huge open interest yesterday.
  17. 17600 PE also has decent open interest.
  18. Traders are expecting 17500 to act as a strong support.
  19. Resistance to come near 17800.
  20. Within this 300 point range markets are likely to be volatile.
  21. Nifty might Trade between 17500 to 17800 today.
  22. stockmarketadvisory.in

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