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Pre - Market Analysis (12th December 2022)


  1. U.S Markets closed lower on Friday. 
  2. Asian markets are mostly lower.
  3. Dow futures are slightly lower right now.
  4. SGX Nifty is down 70 points.
  5. Friday we had a massive sell off in the markets.
  6. Advance Decline ratio was also very bearish.
  7. Number of stocks falling were almost 4X for number of stocks rising.
  8. This isn't a good sign at all.
  9. As i mentioned before that Nifty is likely to test its 20 DMA.
  10. 20 DMA is around 18400 for nifty.
  11. On Friday,  this level got tested and then nifty recovered swiftly.
  12. There was a swift short covering rally during the end of the day.
  13. Expecting 18400 to be a good support for now.
  14. If this breaks then 18200 opens up.
  15. This week is likely to be highly Volatile as well.
  16. We have many data points coming up.
  17. Today we have India CPI data.
  18. Tomorrow U.S CPI Inflation data.
  19. Wednesday we have fed meet.
  20. So all these events will make markets volatile 
  21. Nifty might trade between 18380 to 18600 today.
  22. stockmarketadvisory.in

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