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Pre - Market Analysis (29th November 2022)


  1. U.S Markets closed lower yesterday. 
  2. All indices were down more than a percent.
  3. Most importantly,  U.S VIX jumped 8%.
  4. Right now Dow futures are slightly higher.
  5. SGX Nifty is down 60-70 points.
  6. Yesterday the star of the show was Reliance.
  7. Yesterday as well nifty opened lower but the dip was bought into immediately. 
  8. Reliance was up more than 3% and that took markets higher single handedly.
  9. There was slight profit booking in the last hour.
  10. Nifty fell by 50 points.
  11. Nifty is just 60 points away from all time highs.
  12. Bank Nifty has already crossed its all time high of 41k.
  13. Markets are highly bullish right now
  14. Any sort of dip is being bought into quite aggressively. 
  15. Global markets turned weak yesterday on Covid issues.
  16. Indian Markets continued optimism.
  17. Thanks to Reliance Industries. 
  18. I do not expect all time high to be taken out so easily.
  19. We might consolidate a bit before crossing all time high.
  20. Nifty might trade between 18400 to 18650 today.
  21. stockmarketadvisory.in

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