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Pre - Market Analysis (10th August 2021)


  1. U.S Markets closed slightly lower Yesterday.
  2. Dow futures are slightly lower now.
  3. Asian Markets are mixed.
  4. SGX Nifty is trading around 16250.
  5. We are poised for a flat opening today.
  6. Yesterday Bank Nifty saved the day for Bull's.
  7. Nifty after a long time underperformed Yesterday.
  8. I expect the Underperformance to continue for this Expiry.
  9. 16000 PE has the highest open interest for this week's Expiry.
  10. So on any dip selling 16k PE is advisable for Bulls.
  11. Yesterday we consolidated throughout the day on Nifty.
  12. Bank Nifty was very Volatile as Expected.
  13. This is not a Market where you can blindly go and buy any stock and make money.
  14. Market is highly Overvalued now so one has to be stock specific in this Market.
  15. IT stocks still have some steam left.
  16. This is a place for safe investors.
  17. Metal stocks have already rallied and doubled in last 6 Months.
  18. This sector doesn't seem attractive to me.
  19. Consumer , FMCG & IT are preferred sectors as of now.
  20. Nifty might Trade between 16160 to 16320 today.
  21. stockmarketadvisory.in

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