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Pre - Market Analysis (6th December 2022)

  1. U.S Markets closed lower yesterday. 
  2. Asian markets are mixed right now.
  3. SGX Nifty is down 30-40 points at the time of writing blog.
  4. Right now , dow futures are higher.
  5. Yesterday we had the exit poll results after market hours.
  6. Exit polls have predicted a clean sweep for BJP.
  7. Market might react to the exit poll results today.
  8. Tomorrow we have the RBI policy.
  9. RBI is expected to raise the rates by 35 basis points.
  10. RBI commentary should be heard with due attention.
  11. I'm not a politically inclined person and I have zero interest in politics.
  12. As my money is at stake right now , I have no option apart from tracking politics.
  13. FII's sold for 1176 crores yesterday whereas DII's bought for more than 2300 crores. 
  14. Yesterday as soon as market opened there was a heavy profit booking.
  15. Nifty did test the previous all time high of 18600.
  16. It was within a 100 point range throughout. 
  17. This consolidation was with huge Volatility.
  18. India VIX at one point of time also inched above 14 yesterday. 
  19. As of now it is a rangebound market.
  20. 18600 to 18900 is the range for nifty.
  21. 18700 CE in the weekly options surprisingly added huge open interest yesterday. 
  22. Bigger move would come only if 18600 or 18900 is crossed.
  23. Nifty might trade between 18600 to 18800 today.
  24. stockmarketadvisory.in

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