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Pre - Market Analysis (4th November 2022)


  1. U.S Markets closed lower Yesterday.
  2. Right now Dow futures are flat.
  3. Surprisingly, SGX Nifty is higher by 50-60 points.
  4. In spite of Global sentiment being bad , SGX Nifty is higher.
  5. Yesterday it was a stable expiry.
  6. Nifty traded within a small band of 100 points throughout the day.
  7. Markets trading within a band and with less Volatility is always a healthy sign.
  8. India ViX crashed below 16 yesterday.
  9. SGX Nifty might be higher because Hong Kong market is up 3%.
  10. China markets are up 5%.
  11. This is providing a positive boost to SGX Nifty.
  12. Expect markets to consolidate within a band.
  13. There's not much news flow awaited.
  14. Nor there are any events in sight.
  15. Bank Nifty was the star of the show yesterday.
  16. Yesterday even I was surprised to see such outperformance by Bank Nifty.
  17. Range for Nifty is 17950 -18200.
  18. Bank Nifty is 41000 to 42000.
  19. Trading at the boundaries of the range provides good risk reward Opportunities.
  20. Nifty might Trade between 17950-18200 today.
  21. stockmarketadvisory.in

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