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Pre - Market Analysis (13th December 2021)

  1. U.S Markets closed higher on Friday.
  2. Right now Dow futures and Asian markets are higher.
  3. SGX Nifty is at 17660 now.
  4. On Friday U.S Inflation data was announced.
  5. The Actual Figure came at 6.8%.
  6. Expected Inflation rate was also at 6.8%.
  7. This was the highest Inflation in last 40 years of U.S history.
  8. Experts were pointing out that if this Inflation rate is announced then the Markets would crash.
  9. All The growth stocks would be hammered.
  10. But on Friday the Markets decided to go higher.
  11. So Markets can be Irrational until one goes bankrupt.
  12. Maybe the Market participants are expecting that due to this Inflation percentage , fed might delay tapering.
  13. Also Fed might postpone interest rate hike.
  14. On Wednesday we have a very important Fed meeting.
  15. Market would be keenly watching this event and Markets might remain jittery till Wednesday.
  16. Right now Nifty is Trading violently between 17400 & 17600.
  17. For 2 Consecutive days Nifty has found support at 17400.
  18. 17600 has been a resistance and Markets have failed to close above it.
  19. Closing decisively above 17600 will indicate further momentum in the Market.
  20. We have resistance at 17700 as well.
  21. So at every 100 points we have resistance for Nifty.
  22. Nifty might Trade between 17480 to 17650 today.
  23. Once 17600 we can expect further momentum to 17700.
  24. Stoplosses for long trades should be at 17484.
  25. stockmarketadvisory.in

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