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Pre - Market Analysis (21st October 2022)


  1. U.S Markets closed lower Yesterday.
  2. Dow futures are flat right now 
  3. Asian Markets are mixed.
  4. SGX Nifty is flat.
  5. We are likely to open very flat today.
  6. Yesterday I had suggested to buy the dip with a stop of 17400.
  7. This trade worked out exceedingly well.
  8. Markets have provided a sharp dip yesterday and closed at the highest point of the day.
  9. This indicates the trend of the Market.
  10. The trend is strong on the upside.
  11. Any dip is a buying opportunity.
  12. In spite of U.S Markets closing lower yesterday, U.S VIX fell.
  13. It fell about 3%.
  14. This indicates there is limited downside in the Market.
  15. 17400 to 17600 is the range for Nifty currently.
  16. Markets are expected to be ranging within this range.
  17. Trending move likely to begin only if any of the above level gets taken out decisively.
  18. Until then you have to trade the range.
  19. Trend is positive, so look to buy on dips.
  20. Nifty might Trade between 17420 to 17700 today.
  21. stockmarketadvisory.in

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