Pre - Market Analysis (7th December 2022)

U.S Markets closed lower yesterday.
Asian markets are mostly lower.
Dow futures are slightly higher right now.
SGX Nifty is trading flat.
Yesterday was a flat session
Nifty was trading close to 18600 for most of the day.
It was almost a consolidation throughout the day.
Throughout the day nifty was trading in just 50 point range.
Nifty has now found multiple supports near 18600
18600 should be a good support for now.
There are many events and also RBI policy in store.
So due to Volatility markets might hunt stoploss.
Traders need to keep in mind the Volatility and Gamma effect.
It's advised to go in with low volumes at first.
Not to go with heavy volumes at first.
18600 to 18900 is the range for now.
Markets might consolidate within this range
Bigger trade would emerge only if either of these levels gets taken out.
Nifty might trade between 18550 to 18800 today.
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