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Pre - Market Analysis (13th December 2022)

  1. U.S Markets closed higher yesterday. 
  2. Asian markets are mostly mixed.
  3. Dow futures are slightly lower right now.
  4. SGX Nifty is up 30-40 Points.
  5. Yesterday it was a volatile trading session. 
  6. As soon as Markets opened , there was a heavy sell off.
  7. Nifty even broke 18400.
  8. After getting close to 18350 , markets recovered.
  9. Yesterday the resistance was at around 18500.
  10. Once 18500 Is crossed and we get a closing above 18500 , the range would once again shift from 18500 to 19000.
  11. Yesterday our IIP & Inflation data were announced.
  12. IIP reduced by 4% which is not a good sign.
  13. Inflation also came in at below 6%.
  14. It's a mixed bag kind of news.
  15. One is Positive and the other one is Negative. 
  16. Today we have the U.S Inflation numbers.
  17. Inflation in U.S is also expected to cool off.
  18. Tomorrow would be the Fed meet.
  19. Fed comments relating to Inflation etc should also be watched closely.
  20. Yesterday,  Nifty went everywhere but closed at the same level as of Friday.
  21. Nifty might trade between 18400 to 18700 today.
  22. stockmarketadvisory.in

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