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Pre - Market Analysis (11th August 2021)


  1. U.S Markets closed higher Yesterday.
  2. Dow futures are flat now.
  3. Asian Markets are mixed.
  4. SGX Nifty is trading around 16300.
  5. Yesterday we touched 16350 on Nifty but we were unable to sustain this gap up.
  6. Towards the end of the day Trading day severe profit booking was witnessed.
  7. Ultimately markets closed almost flat.
  8. This happens when we have a huge breakout.
  9. Nifty broke out of 16k with full steam and after that we are consolidating.
  10. Today is Wednesday and remember Wednesdays are highly Volatile.
  11. As we have an Expiry tomorrow so expiry related issues might kick in.
  12. In spite of severe profit booking yesterday 16000 PE added huge open interest.
  13. This shows the confidence of Bulls.
  14. We are in a Consolidation phase and this might continue a bit longer.
  15. Zomato posted results yesterday are they do not look good.
  16. Loss reported by the company has increased by 360% YOY.
  17. I have repeatedly Cautioning that this stock is trading at high Valuations and one needs to be careful.
  18. This will be a very Stock Specific market from now.
  19. Investment in wrong Stocks would cause severe damage.
  20. Nifty might Trade between 16160 to 16360 today.
  21. stockmarketadvisory.in

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