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Pre - Market Analysis (21st September 2020)

  1. US markets closed Negative on Friday.
  2. Asian Markets are mostly flat today.
  3. SGX Nifty is down 10 Points.
  4. Fridays are becoming highly Volatile now.
  5. I'm observing this from quite few weeks now.
  6. Bank Nifty collapsed more than 600 Points on Friday in less than 30 Minutes.
  7. I was Relaxing and preparing for the weekend😃 but this fall caught the attention.
  8. After due research there was a news found.
  9. There were some tensions at India Pakistan border due to which there was a fall in Major indices.
  10. Maybe due to this news there was a fall.
  11. But by the end of the day things stabilised a bit on Nifty while Bank Nifty continues to lag.
  12. IT Stocks and Reliance look good and are Supporting Nifty.
  13. Option sellers need to be very careful while reading in Monthly expiry contracts.
  14. Premiums are too low and the Vega (Volatility) effect is quite high.
  15. Better to sell Stock options or trade in next Month options.
  16. Markets make a 200-300 Point move on Monthly Expiries.
  17. Will look to play that move after confirmation.
  18. As of now there is no indication of that sorts.
  19. Presidential Elections in U.S.
  20. Corona Virus Cases topping everyday.
  21. More than 1 Lakh cases on a daily basis.
  22. Section 144 Imposed in Mumbai and Rajasthan.
  23. India has failed Miserably to deal with Corona Virus pandemic.
  24. While most of the countries have reduced the fear to a lot of extent but we are unable to control.
  25. Nifty might Trade between 11420-11580 today.


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1. U.S Markets closed mixed Yesterday.  2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view  19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21.