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Pre - Market Analysis (20th October 2022)


  1. U.S Markets closed lower Yesterday.
  2. Dow futures are lower right now 
  3. Asian Markets are lower.
  4. SGX Nifty is down 100-120 points.
  5. We are likely to open straight near support zones of 17400-17450.
  6. After a good sharp rally for many days , Yesterday was a sort of profit booking day.
  7. A positive thing from last 1 Month is markets have been trading within range.
  8. Yes , the Volatility is high but its within a specified range.
  9. Going forward , I expect the Volatility to decrease.
  10. Today's dip is a good buying opportunity.
  11. 17400 should be the stoploss for long traders.
  12. This turns the risk - reward in favour of Bulls.
  13. Next week is a truncated one 
  14. There are 3 complete trading sessions for next week expiry.
  15. Im expecting an inside candle today.
  16. Inside candle means Nifty might Trade within yesterday range itself.
  17. Maybe 17400 to 17600 to be today's range.
  18. If markets trade rangebound today , the premiums of options would erode further.
  19. Nifty might Trade between 17400 to 17600 today.
  20. stockmarketadvisory.in

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