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Pre - Market Analysis (7th November 2022)


  1. U.S Markets closed higher on Friday.
  2. Friday first half U.S Markets were volatile.
  3. In 2nd half Markets rocketed higher.
  4. Right now , Dow futures are lower.
  5. SGX Nifty is close to 18300.
  6. We are opening with a good gap up today.
  7. Asian markets are mixed.
  8. SBI has announced its results over the weekend.
  9. Results seem good but the stock has already scaled higher. 
  10. Stock has already touched its 52 week high
  11. On the results day , movement of the stock depends on the demand & supply.
  12. It doesn't depend on how the results are.
  13. Next big event is the Inflation numbers of U.S.
  14. Until then Markets are trading based on momentum.
  15. Tomorrow is a stock market holiday.
  16. So traders won't like to carry positions today.
  17. Markets have turned extremely bullish from October.
  18. November has also started with a bang.
  19. I'm trailing stop-loss in long positions of futures.
  20. And shifting put sell options.
  21. Nifty might trade between 18150-18400 today.
  22. stockmarketadvisory.in

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