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Pre - Market Analysis (5th December 2022)


  1. U.S Markets closed mixed on Friday.
  2. Asian markets are mostly higher.
  3. Right now , dow futures are lower.
  4. SGX Nifty is up 40-50 Points.
  5. Friday was the day of profit booking.
  6. I did say that 18900 could be the short term top.
  7. As of now it feels so.
  8. 18900 would be difficult to cross 
  9. There was huge open interest added at 18800 & 18900 CE.
  10. 18500 should be a good support on the downside.
  11. 20 DMA comes around 18440 on Nifty.
  12. This week is full of events.
  13. RBI policy , Gujarat Elections etc.
  14. Due to any of these events if we get a dip closer to 20 DMA that's an excellent buying opportunity. 
  15. Trend is up and this is just a pause in the trend.
  16. Volatility Due to the events provide us a good opportunity to enter the trend at much lower levels.
  17. Expecting nifty range to be between 18400 to 18900 for this week.
  18. Look for dips to enter into.
  19. Do not build longs on rallies.
  20. Nifty might trade between 18550 to 18800 today.
  21. stockmarketadvisory.in

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