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Pre - Market Analysis (10th September 2020)

  1. US markets closed higher yesterday.
  2. Asian markets are flat.
  3. U.S futures in red now so SGX Nifty is almost flat
  4. Yesterday night it was higher.
  5. SGX Nifty is down slightly.
  6. So markets are expected to open flat.
  7. Option writers like Markets to open flat specially on Expiry days.
  8. Global markets are highly Volatile and are giving big Moves on both sides.
  9. Stocks like SBI, Axis Bank fell nearly 20%.
  10. SBI once again below Rs 200.
  11. Yesterday afternoon news came that Silver lake is investing in reliance retail.
  12. Reliance bounced back from lows and recovered the Market.
  13. Expecting a flat to negative expiry today 
  14. Today one more major news is supreme court hearing on banks interest.
  15. That will create high Volatility today.
  16. Option writers should be careful today.
  17. Look to take Minimum Quantity at first with fixed Stoploss and dont keep positions open till 3.30
  18. Nifty might trade between 11200-11380.
  19. stockmarketadvisory.in

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