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Pre - Market Analysis (17th October 2022)


  1. U.S Markets closed lower on Friday.
  2. Dow futures are higher right now 
  3. Asian Markets are mixed.
  4. SGX Nifty is lower by 100 points 
  5. We will have a gap down opening today as per SGX.
  6. On Thursday, Inflation numbers were announced in U.S.
  7. Inflation numbers were not as per expectations and still there was a huge rally 
  8. On Friday there was selling once again.
  9. So markets are trading with huge Volatility but within a range.
  10. Nifty broader range is 16950 to 17400.
  11. We have huge open interest at 17000 PE & 17400 CE for monthly expiry.
  12. Remember that next week Is Diwali and there would only be 3 trading sessions.
  13. India VIX also crashed 10% on Friday.
  14. This shows traders are betting for a rangebound market.
  15. HDFC Bank results have come above Expectations.
  16. This week we will be having results of other banking companies too.
  17. This is likely to be a stock specific week than index week.
  18. Apart from Quarterly results there's no fresh news that markets would be eyeing for.
  19. Plus festive season too so the sentiment is positive.
  20. Also the companies which have declared results upto now have mostly been good apart from Wipro.
  21. Nifty might Trade between 17000 to 17300 today.
  22. stockmarketadvisory.in

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