pre market Tag

Pre Market Analysis – 21st Sep 2021

Markets yesterday succumbed to selling pressure at the late hours of trade to close at day’s low with Bank Nifty and Metal sector acting as major draggers. Global stock markets were caught in the grip of contagion fears sparked by troubles at China Evergrande which prompted investors to flee riskier assets. If the Chinese Yuan begins its depreciation, the carnage will spill over to the Rupee...

Pre Market Analysis – 23rd June 2021

Market cooled off from day’s high to close almost on a flat note after it was unable to sustain above the crucial resistance of 15900. Bank Nifty continues to look weaker with supports resting at 34600 and resistance having shifted lower at 35100. So far, the index is holding below 35100 it could well go and retest its previous week’s lows near 34000. Momentum could accelerate on the downside...