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Pre - Market Analysis (16th September 2020)


  1. US markets closed Positive Yesterday.
  2. So Asian markets are Flat.
  3. SGX Nifty is down 10 points.
  4. Yesterday in second half we witnessed a heavy short covering in Bank Nifty.
  5. 22000 is the major support level for Bank Nifty and it bounced back exactly from that zone.
  6. Bank Nifty is highly Unperforming Nifty still.
  7. A 800-1000 Point recovery here cannot be ruled out.
  8. Day before Yesterday , IT stocks ruled the market.
  9. Yesterday Pharma and Reliance.
  10. Reliance is Unstoppable and will continue to hold Nifty.
  11. So being bearish on Nifty wouldn't work as the saviour Reliance won't let it drown.
  12. So currently I'm Bullish on the Market.
  13. Every dip will witness buying Opportunity.
  14. DII's were net sellers but FII's net buyers.
  15. Market are Likely to consolidate with Positive Bias.
  16. Bank Nifty should recover most of its losses.
  17. Nifty might Trade between 11420-11600 today.
  18. stockmarketadvisory.in

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