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Pre - Market Analysis (9th Jan 2023)


1. U.S Markets closed higher on Friday. 
2. Right now , dow futures are higher.
3. Asian markets are mildly higher.
4. SGX Nifty is up 150 points.
5. On Friday, US Jobs data were announced.
6. I always say that Market positioning before the event is the key.
7. Before the event , markets were highly oversold 
8. All the World markets were in oversold zones going into the event.
9. When there are no major or added negatives going to the event.
10. This is what happens.
11. It was a huge short covering rally.
12. Usually Mondays are trending days so Chances are today could be a trending day.
13. FII's have been selling non-stop since the inception of 2023.
14. I had pointed out of Friday that 17800 is a great buying opportunity. 
15. Fridays low was exactly at 17800 and markets have reversed from those levels.
16. Now if 18000 is taken out we would be heading towards 18200.
17. This is a swinging market in which markets are hitting both sides of the range.
18. Next event is the Inflation numbers.
19. They are likely to be announced on Thursday.
20. Nifty might trade between 17850 to 18150 today.
21. stockmarketadvisory.in













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