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Pre - Market Analysis (13th October 2022)


  1. U.S Markets closed mixed Yesterday.
  2. Dow futures are slightly higher right now 
  3. Asian Markets are mixed.
  4. Indian Markets are highly volatile between 16750 to 17400.
  5. Within this range markets have been making wild swings.
  6. Yesterday Nifty did retest 16950 and bounced back sharply from there.
  7. Yesterday it was a sharp recovery and Nifty closed at the highest point of the day.
  8. Today we have weekly expiry.
  9. Generally weekly expirys are volatile.
  10. 16950 to 17200 is the range for expiry.
  11. In case if we break any of the levels then we might get a larger move during the day 
  12. HDFC Bank will be delivering the results this weekend 
  13. Banking stocks are expected to deliver good results 
  14. Yesterday both the IIP and Inflation data came at negative.
  15. Inflation rose to 7.4% and Production also has recuced.
  16. So it's a double whammy on both fronts .
  17. Next leg of move will be decided by the results of the company's.
  18. Until then market is likely to stay sideways.
  19. Nifty might Trade between 16950 to 17200 today.
  20. stockmarketadvisory.in

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