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Pre - Market Analysis (5th July 2021)


  1. U.S Markets closed yet at another record high Yesterday.
  2. Dow futures are slightly positive currently.
  3. Asian Markets are higher.
  4. SGX Nifty is Trading near 15820.
  5. U.S Jobs Data has come above Expectations.
  6. U.S added more jobs than Expected and that data has come on Friday.
  7. Due to this U.S Markets closed at fresh highs.
  8. Our Markets have been consolidating from quite some time now.
  9. Last 1 Month we have been trading in a narrow range on Indices.
  10. I expect the range to continue for this week too.
  11. From next week the Corporate results start kicking in.
  12. This will propell some higher move in indices.
  13. Friday we had a good short covering towards end of the day.
  14. Those who have shorted throughout the week were in good gains.
  15. They didn't wish to carry positions over the weekend.
  16. They squared off their positions.
  17. This has led to short covering towards day end and markets closed higher after 5 days negative closing.
  18. Nifty might Trade between 15700-15900 today.
  19. I would not buy this gap up. Instead will look to sell 15850 to 15900.
  20. stockmarketadvisory.in

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