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Pre - Market Analysis (22nd November 2022)


  1. U.S Markets closed lower yesterday. 
  2. Right now Dow futures are slightly higher.
  3. SGX Nifty is flat.
  4. Nifty is likely to have a flat opening today.
  5. This flat SGX has become regular affair now but market not respecting SGX.
  6. Opening is not as per what SGX is indicating since many days.
  7. Yesterday nifty broke 18200 and traded below it throughout the day.
  8. This indicates bearishness in the market.
  9. The bearish view is for the current expiry itself.
  10. Next support would emerge at 18000.
  11. Momentum towards the upside seems lacking now.
  12. India VIX is below 15 steadily.
  13. Nasdaq has started to break into pieces.
  14. This has again triggered a sell off in Indian IT stocks.
  15. Bank Nifty outperformed nifty yesterday.
  16. Nifty underperformance is majorly due to IT stocks.
  17. Many ultra rich businessman are laying of staff and are anticipating a recession.
  18. Jeff bezos even said it openly about the same.
  19. Nobody knows in certainty what the future holds but going by current facts   India is the least likely to face recession.
  20. We may follow Global markets and events in short term.
  21. Fundamentals would Take over later
  22. Nifty might trade between 18000-18300 today.
  23. stockmarketadvisory.in

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