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Pre - Market Analysis (9th November 2022)


  1. U.S Markets closed higher yesterday.
  2. Asian markets are higher.
  3. SGX Nifty as of now is up 50-60 points.
  4. Today we are likely to open with a gap up.
  5. World markets are looking very strong. 
  6. Any dip is being bought into very aggressively.
  7. This is the first time in last 1 year that even above 18k Nifty,  markets are showing such strength. 
  8. Previously,  everytime we went above 18k , there were severe profit booking.
  9. FII buying has improved the market sentiment.
  10. FII"s have become buyers and once they start buying they go on a spree.
  11. All the banking stocks are flying now.
  12. SBI is now above 600.
  13. The flavour now is to sell IT stocks and buy banking stocks.
  14. How long will this continue that has to be seen.
  15. 18200 is a stiff resistance for Nifty. 
  16. Closing above 18200 would give further momentum on the upside.
  17. Else markets are going to remain sideways with a positive bias.
  18. 17950 to 18200 is the larger range for  Nifty.
  19. 41k to 42k for Bank Nifty. 
  20. Volatility is subsiding now day by day and also option premiums are too low.
  21. Nifty might trade between 18100 to 18300 today.
  22. stockmarketadvisory.in
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