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Pre - Market Analysis (24th November 2022)


  1. U.S Markets closed slightly higher yesterday. 
  2. Right now Dow futures are slightly higher.
  3. SGX Nifty is higher by 40-50 points.
  4. Nifty is likely to have a gap up opening today.
  5. Yesterday india VIX closed below 14.
  6. Premiums are too low now for options.
  7. Option sellers have enjoyed since last 2 months.
  8. This low premium environment can be dangerous one.
  9. Now its not the time to create any fresh naked positions.
  10. Expecting next event which could trigger an upmove could be the Gujarat elections.
  11. Elections are between 1-5th December and that could add up some sort of Volatility. 
  12. Until then expect markets to be within range.
  13. Also near December end foreigners go on a holiday for Christmas. 
  14. Volumes dry up a lot.
  15. Closer to budget by Jan we might see momentum pick up.
  16. Until then we have to tolerate such boring ranging moves.
  17. Previously,  Nifty used to move 300 points in a day now it has reduced to just 100 points
  18. Texture of the markets keep changing.
  19. Those who adapt to it in the best possible way can make money over long periods.
  20. Else one event cab throw you out of the market.
  21. Nifty might expire between 18200-18400 today.
  22. Expiry moves after 2 pm can be fast and furious.
  23. So be a bit cautious.
  24. stockmarketadvisory.in

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