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Pre - Market Analysis (11th November 2022)


  1. U.S Markets closed higher Yesterday. 
  2. Asian markets are mostly higher.
  3. SGX Nifty is up 200-250 points.
  4. Nasdaq closed higher by more than 7%.
  5. All the shorts were taken to cleaners yesterday in Technology numbers. 
  6. U.S Inflation eases to 7.7% in October.
  7. Inflation cooling down is a good sign for the economy. 
  8. Also going ahead people are expecting it to reduce further.
  9. This has created a huge short covering rally yesterday. 
  10. 18300 is a stiff resistance for us.
  11. Once we cross this level we would be moving towards all time high.
  12. Until yesterday I was bearish because I didn't expect Inflation numbers to change the game so rapidly.
  13. As Inflation eases,  expecting buying to emerge into Technology stocks as well.
  14. Expecting money to shift from Banking to Technology stocks.
  15. Yesterday could be termed as relief rally across global markets.
  16. Continuation of the same would gather momentum.
  17. 18300 for nifty.
  18. 42k for Bank Nifty are critical zones.
  19. Once these levels are taken out we can be expecting further momentum.
  20. Nifty might trade between 18100-18350 today.
  21. stockmarketadvisory.in

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