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Pre - Market Analysis (28th November 2022)


  1. U.S Markets closed mixed on Friday.
  2. Right now Dow futures are  lower.
  3. SGX Nifty is down 80-100 points.
  4. Asian markets are also lower.
  5. Nifty is likely to have a gap down opening today.
  6. Reason for a gap down is China Covid cases.
  7. China has again started to report high number of covid cases.
  8. Yesterday the Covid cases were at 40k in China.
  9. This is inducing  a fresh fear in the markets.
  10. Covid problem is not a new issue.
  11. This has been going on since long.
  12. There shouldn't be any shock treatment to the markets due to the same.
  13. Also I've been noticing since many days markets have not been opening as per SGX.
  14. So we cannot have an exact idea related to market opening now a days.
  15. China cannot be trusted as well.
  16. They might be manipulating numbers to induce fear.
  17. If we have a large gap down then it's a great buying opportunity. 
  18. Trend is positive so opportunities like these should be cashed into.
  19. 18300 PE has the highest open interest in monthly options.
  20. 19000 CE has the highest open interest among call options.
  21. Any dip close to 18400-18350 should be a good buying opportunity. 
  22. Nifty might trade between 18350-18600 today.
  23. stockmarketadvisory.in

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