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Pre - Market Analysis (20th Feb 2023)


1. U.S Markets closed mixed on Friday. 
2. Right now , all the U.S Futures are trading mixed.
3. Asian markets are lower.
4. SGX Nifty is up 30-40 Points.
5. There was a huge selling pressure across both the indices on Friday.
6. Nifty closed almost at the lowest point of the day.
7. The important level to watch here is 17900 on Nifty.
8. Just a few days ago Nifty crossed 17900 and made a high of 18150.
9. Now it's back again to the same level.
10. If 17900 is broken then 17750 opens up.
11. There has been developments in the Adani debate.
12. George Soros has attached India and the Adanis in an war of Words.
13. George Soros is considered to the best trader alive in the world right now.
14. He is known for this high conviction bets with full leverage.
15. He has known as a person who broke bank of England and made a Billion Dollar of profits just on a single day.
16. As Soros is close to FII's there must be a selling pressure from FII's.
17. FII's sold for 700 crores on Friday.
18. Generally, the final expiry week is also considered upside due to Vega effect. 
19. February month started at 17900.
20. 18100 is a huge resistance now for nifty as Nifty has retraced 3-4 times from 18100.
20. Whole of the Month markets have traveled everywhere but are back again at 17900.
21. Nifty might trade between 17800 to 18100 today.

















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