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Pre - Market Analysis (8th Sep 2022)


  1. U.S Markets closed higher Yesterday.
  2. Right now Dow futures are flat.
  3. Asian Markets are mixed.
  4. SGX Nifty is up 100 points.
  5. Yesterday Nifty opened near 17500 and witnessed a bounce.
  6. 17500 to 17800 is the range for Nifty
  7. Almost on a daily basis now market is testing the lower and upper end of the range 
  8. Unless there is a clear indication of range being crossed we cannot expect a big move.
  9. Markets are likely to consolidate within this range itself.
  10. Bank Nifty is facing stiff resistance near 40k.
  11. This is a very important level for Bank nifty as it also acts as a psychological resistance.
  12. Can expect a one way rally only when 40k gets taken out.
  13. ITC is the stock to watch.
  14. 330 is the all time high for ITC.
  15. Above this there would be fireworks.
  16. Margin of safety is also quite high for ITC as it's a slow and steady stock.
  17. Stay away from Suzlon stock.
  18. There have been rumours about Adani investing into this company which has been clarified already.
  19. Adani has denied rumours.
  20. Still stock keeps going higher as people keep chasing it without applying logic.
  21. Nifty might Trade between 17500 to 17800 today.
  22. stockmarketadvisory.in

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