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Pre - Market Analysis (18th August 2020)

  1. US markets ended flat. U.S Markets have been Consolidating from last week.
  2. Asian markets are also Flat.
  3. SGX Nifty is now flat near 11270.
  4. Yesterday I mentioned that Friday yas just a shake off and the Trend would bail us out.
  5. Yesterday Markets Consolidated until 3 pm.
  6. Bears tried their best to pull Markets Lower but Couldn't.
  7. Finally in last 30 mins we Witnessed a good short covering.
  8. August Month has been a Month of Consolidation.
  9. Nifty has been Moving all over the place but mean is about 11200.
  10. Expecting Markets to Consolidate with a big Positive Bias.
  11. Reliance Underperformed Yesterday and in Spite of that Nifty closed 0.5% higher.
  12. This shows that Broader markets have also started to perform.
  13. Midcaps have been Outperforming since the March crash.
  14. Small caps too have been in a league of their own.
  15. Underperformer in this Market is Bank Nifty.
  16. Nifty is just 7-8% from all time highs.
  17. But Bank Nifty is more than 50% away from it's all time highs.
  18. HDFC Bank after Aditya Puri stake sale has been Underperforming significantly.
  19. This is still a buy on dip Market.
  20. There is a time to buy , time to sell and time to do nothing.
  21. Now is the time to buy on dips.
  22. Nifty might trade between 11180-11360 today.


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