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Pre - Market Analysis (10th October 2022)


  1. U.S Markets closed lower on Friday.
  2. Right now , Dow futures are slightly lower.
  3. SGX Nifty is hovering around 17050.
  4. Big gap down opening is on cards today.
  5. Reason is the U.S Jobs data announced on Friday.
  6. Asian markets are lower.
  7. U.S Jobs data highly above Expectations.
  8. This triggered another large rate hike fear in U.S Markets.
  9. Nasdaq crashed 4% on Friday.
  10. FII's also sold heavily on Friday.
  11. They have sold for 2500 crores.
  12. FII's short position is now more than 80%.
  13. They have been carrying heavy short Positions offlate.
  14. First support should kick in near 17000.
  15. 200 DMA is close to 16800 so this should be the next major support.
  16. Accenture has declared okayish results but the guidance has not been good.
  17. This week we are going to have IT company results.
  18. Markets are going into results season with muted Expectations.
  19. That's always better than going in with high expectations.
  20. Nifty might Trade between 17000 to 17300 today.
  21. stockmarketadvisory.in

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