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Pre - Market Analysis (10th June 2020)

  1. U.S markets were down a percent Yesterday.
  2. U.S Markets broke the Streak of continue 6 days gain Yesterday.
  3. Asian Markets are mostly Negative.
  4. SGX Nifty is up 20 Points & Trading near 10100.
  5. Indian Markets are Trading very Volatile from last few days.
  6. VIX up more than 30 & generally when this happens we witness Volatile moves.
  7. Yesterday both longs and shorts made money if they bought at proper levels.
  8. Markets after gapping up & Rallying could not break 10300 & started to crash.
  9. The Range is 10000 to 10300 but between this Range it's highly Volatile.
  10. Reliance fell from 1620 to 1540 in 2 days which also Couldn't Stablilise the Markets.
  11. We are in a sort of Correction phase.
  12. Nifty correcting 200-300 Points from here is probable.
  13. One needs to be sitting on their Toes to trade in such Markets as Volatility is massive.
  14. You can either take Volatility as your Advantage or either it can wipe you out.
  15. Markets are awaiting for FOMC ( Federal Open Market Committee) meeting outcome in U.S
  16. Trump is the biggest Trader of the World😀 so he wouldnt like to do anything which is against Market liking.
  17. Trade remains the same for today as we were trading Yesterday.
  18. Just that today's range has been extended
  19. Range is from 10k to 10300 on Nifty.
  20. Take contra Trades nearer to the Boundaries.
  21. Bank Nifty range is 21500 to 20000.
  22. Option Premiums are very high due to rising VIX so option Buyers should be careful.
  23. Usually after a huge rally of 1200 Points Markets Consolidate trade Volatile and start a fresh move.
  24. This move either could be downwards or upwards.
  25. If Nifty breaks 10000 I would become Bearish.
  26. If Nifty Crosses 10300 I would become Bullish.
  27. Those who cannot handle such Volatility and are not skilled to trade in this range can wait for Breakout / Breakdown.
  28. Nifty is likely to trade between 10000 to 10200.


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1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like