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Pre - Market Analysis (13th Jan 2022)


  1. U.S Markets closed mixed yesterday.
  2. Right now Dow futures are slightly lower.
  3. Asian markets are lower.
  4. SGX Nifty is trading at 18330.
  5. Indicating a 100 point gap up today as well.
  6. This could be due to good results declared by IT companies.
  7. Infy in particular has come out with spectacular results 
  8. TCS and Wipro set of numbers also look appealing.
  9. Also today is weekly expiry and lot of call writing has taken place at higher levels from 18200 to 18400.
  10. So this gap up could cause option writers specially call writers in trouble.
  11. Yesterday the ViX was also down 3%.
  12. Option premiums are quite low now considering January month end expiry is quite far.
  13. Inflation data is also high in India near about 5.5%.
  14. Which is a worrying sign and could invite rate hikes by RBI in future.
  15. I feel we are in a pre budget rally and this could fire till 18600.
  16. From there we should re consider bullish stance.
  17. Any sort of dip towards 18200 is a  buying opportunity for the day.
  18. Right now we have a good swing trading set up.
  19. Buy at 18200 with stoploss of 18k and targets of 18600 (1:2)
  20. Nifty might Trade between 18200 to 18400 today.
  21. stockmarketadvisory.in

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