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Pre - Market Analysis (2nd December 2022)


  1. U.S Markets closed mixed yesterday.
  2. Asian markets were mixed yesterday. 
  3. Right now , dow futures are lower.
  4. Asian markets are also lower right now.
  5. SGX Nifty is down 40-50 Points.
  6. Yesterday the star of the show was IT index.
  7. IT index was higher more than 2% yesterday. 
  8. Now the money is shifting from Banking stocks to IT stocks.
  9. All this while it was exactly the opposite.
  10. I sense that markets have run up too fast too quick.
  11. A minor correction / profit booking would be healthy
  12. Markets moving in a straight line is always unhealthy.
  13. As and when the correction comes it could be destructive.
  14. Minor profit booking helps the market texture going forward.
  15. India VIX is significantly below 14 now.
  16. Yesterday there was a bit higher Volatility than normal days.
  17. Markets top out or bottom out with Volatility. 
  18. 18900 should be difficult to cross in the short term.
  19. Nifty might trade between 18700 to 18900 today.
  20. stockmarketadvisory.in

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