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Pre - Market Analysis (29th August 2022)


  1. U.S Markets crashed on Friday.
  2. Asian markets are down.
  3. SGX Nifty is down 400 Points.
  4. This is a serious & a large gap down.
  5. On Friday , Fed Chairman indicated pressure for the Economy.
  6. He also hinted recession in U.S is highly likely and rate hikes are the only option to curb the pressure.
  7. This has led to a massive sell off in U.S Markets.
  8. Dow Jones crashed 1000 points on Friday and S&P 500 and Nasdaq crashed % each.
  9. U.S VIX rose 15% on Friday.
  10. This indicates fear among traders.
  11. I expect U.S Markets to break the recent lows.
  12. The recent low was near about 3600 on S&P 500.
  13. Which is 10% lower from the current levels.
  14. Indian Markets might not fall as much as Global markets.
  15. But we will definitely not go higher.
  16. My view is Bearish right now.
  17. There may be short covering bounces which may surprise you in between.
  18. Also the Volatility will be extreme from here.
  19. Stoploss for Short trades is 18k.
  20. Downside targets are open and will be updated based on markets trend.
  21. Nifty might Trade between 17100 to 17400 today.
  22. stockmarketadvisory.in

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