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Pre - Market Analysis (20th August 2020)

  1. US markets closed Slightly Negative Yesterday.
  2. Down Futures are now down more than 150 Points.
  3. Asian Markets are all Negative 
  4. SGX Nifty down 140 Points.
  5. Reason is U.S Fed take on the Markets.
  6. U.S Fed Minutes Triggered selling.
  7. U.S Fed presented a Cautious to negative stance on the Economy , which is triggering sell off.
  8. AGR case hearing at 2 pm today.
  9. These 2 events leading to sell off.
  10. As we are at intermediate highs it is making bigger.
  11. FII's were net Buyers Yesterday whereas DII's were net sellers.
  12. Apple becomes the first company to cross 2 Trillion $ market cap.
  13. Today looks to be a very Volatile Expiry.
  14. Many news flow coming and most of it are on Negative side.
  15. Usually a big move is there on Expiry days.
  16. And this time it would be Interesting to see where it comes by.
  17. View has become Negative for short term.
  18. Nifty might Trade between 11140-11340 today.
  19. stockmarketadvisory.in

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