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Pre - Market Analysis (11th August 2020)

  1. US markets were Consolidating.
  2. Asian Markets are Positive.
  3. SGX Nifty is up 70 points.
  4. Markets broke out of 11300 Yesterday but due to Postponement again in Supreme Court Verdict profit booking came.
  5. Today again we are going to open above 11300.
  6. Bank Nifty is going to open above 22k.
  7. What's more important is follow through.
  8. Once we get follow through above these levels the target for Nifty is 11500.
  9. Im selling Put Options Aggressively.
  10. Every dip is a buying Opportunity.
  11. This is a Bull Market rally which is confusing many people.
  12. But sometimes the best way is to not to think much and follow markets.
  13. Markets will give us a sign when they start reversing.
  14. Until then it's better to stay with the Trend and follow it.
  15. Titan results were not upto Street Expectations and were poor.
  16. Axis Bank and ICICI Bank have done QIP and raised money.
  17. Whether markets take it as positive or Negative is to be seen today.
  18. Supreme Court Verdict is likely to become a Non Event now after so much delay and Postponement.
  19. Markets will trade according to Global Markets now.
  20. FII's were net Buyers Yesterday and DII's were net sellers.
  21. Nifty might trade between 11240 to 11400.


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