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Pre - Market Analysis (21st July 2022)


  1. U.S Markets closed flat yesterday.
  2. Asian markets are mixed.
  3. Dow futures are slightly lower.
  4. SGX Nifty is as flat as it can get.
  5. Yesterday market opened with a big gap up.
  6. After opening with a big gap up the momentum continued throughout the day.
  7. Market once again closed at the highest point of the day yesterday.
  8. Today is the weekly expiry for option contracts.
  9. Expecting a rangebound expiry.
  10. With slightly positive bias.
  11. Nifty IT Is back with a bang followed by Banks.
  12. Indusind Bank posted results yesterday and it beat Street estimates.
  13. FII's once again were net buyers yesterday.
  14. FII's are momentum traders.
  15. When they start selling they keep selling selling and selling.
  16. When they start buying they buy buy and buy.
  17. That's why traders always look at FII figures to get a clue regarding market movement.
  18. 16600 should be a good resistance for the day.
  19. Followed by good supports near 16500,16400.
  20. Nifty might Trade between 16400 to 16620 today.
  21. stockmarketadvisory.in

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