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Pre - Market Analysis (9th September 2022)


  1. U.S Markets closed higher yesterday.
  2. Right now Dow futures are higher.
  3. Asian Markets are higher.
  4. SGX Nifty is up 100 points.
  5. Yesterday Nifty witnessed resistance near 17800 for whole of the expiry.
  6. Today it's indicating a gap up above 17800.
  7. 17800 to 18000 should be the range now .
  8. 18000 CE has the highest open interest amoung weekly options.
  9. This would be the next resistance level now.
  10. Markets right now seems to be ignoring all the negatives.
  11. But this is a high volatile market.
  12. So stoploss is a must when trading in such markets.
  13. 17800 should be a good support for Intraday now.
  14. I would like to buy the dip close to 17800 and sell the rally close to 18000 with 30 point stoploss.
  15. If any of these levels gets taken out decisively will follow the trend.
  16. Until then it's a ranging market.
  17. With sideways moves.
  18. Fridays are volatile so trade based on strict stoploss 
  19. Nifty might Trade between 17800 to 18000 today.
  20. stockmarketadvisory.in

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