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Pre - Market Analysis (17th July 2020)


  1. US markets closed Mindly Negative Yesterday.
  2. Asian Markets are Trading higher.
  3. SGX Nifty is up 70 Points.
  4. Last week for a Complete Roller Coaster Ride for our Markets.
  5. Market was changing every day and was giving sharp moves on either sides.
  6. It was shaking all the Option Writers & Trend Traders.
  7. People are asking me is the Market Bullish or Bearish?
  8. My answer is the Market is Rangebound.
  9. The Range is between 10550 to 10850.
  10. Market is within this range and is giving sharp moves on either sides.
  11. IT Stocks have come up with Spectacular results this week and have given Tremendous rally.
  12. U.S is planning another STIMULUS so this news might not make the Market fall much from here.
  13. FIIs were net sellers Yesterday but DIIs turned Buyers.
  14. Expecting the Consolidation phase to continue for a while now.
  15. Reliance after a big rise for few Months and a sharp fall on Wednesday Afternoon might look to Consolidate now.
  16. Not Expecting a great deal of Momentum or selling today.
  17. Generally Fridays are days of Consolidation for Markets.
  18. Bank Nifty gave a good rally Yesterday but it's also very Weak still.
  19. Nifty might Trade between 10720-10880 today.
  20. Do not carry any open Positions over the Weekend of weekly Expiry.
  21. stockmarketadvisory.in

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