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Pre - Market Analysis (27th October 2022)


  1. U.S Markets closed mixed Yesterday.
  2. The day before Yesterday U S Markets rallied.
  3. We had a trading holiday that day in Indian Stock Market.
  4. Dow futures are higher right now 
  5. Asian Markets are mixed.
  6. SGX Nifty is up 300 points.
  7. Right now it's trading near 17920.
  8. SGX Nifty Seems to be over reacting.
  9. We may not open that higher today.
  10. 17900-18000 are likely to be stiff resistance zones for the day.
  11. Market texture has changed now.
  12. Now markets open with a huge gap up or gap down.
  13. After such gap openings it's likely to be flat.
  14. Bank Nifty near 42000 is a good shorting opportunity.
  15. Banking stocks have rallied a lot in past 2 months.
  16. IT Stocks are eroding wealth.
  17. There's not much steam left in Banking stocks now.
  18. When everybody puts money only in few companies that's when it tops out.
  19. Now we are also trading at the higher band of trading range of 15200 to 18600.
  20. So going long is not worthy.
  21. I would be looking for shorting opportunities.
  22. Nifty might Trade between 17700 to 18000 today.
  23. stockmarketadvisory.in

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