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Pre - Market Analysis (22nd September 2020)

  1. U.S Markets were down 2% Yesterday.
  2. But now there seems to be a recovery and Asian Markets are Trading Positive.
  3. SGX Nifty is up about 50-60 Points now.
  4. Yesterday as Europe Markets opened, the news came that US 2 Trillion$ suspicious money handled by Banks.
  5. This Triggered a big sell off in Banking stocks all over the World.
  6. To just let you know the magnitude of this news , Indian Economy is 2 Trillion$ & the Amount of Scam figure was Equal to Indian Economy figure.
  7. U.S is considering another Lockdown to control the Corona Virus spread.
  8. Indian Cases are now more than a lakh per day.
  9. Indian Govt doesn't seem to be worried about it nor does Indian Media.
  10. Both are busy looking after "Bollywood".
  11. Bank Nifty was already very weak.
  12. 22000 was the support area of Bank Nifty and it broke decisively so more selling pressure witnessed.
  13. Markets will be Irrational and choppy.
  14. 11200 is a strong support on Nifty and if that's taken out we can witness further crash.
  15. First half is very critical, if we break 11200 then 2nd half is an opportunity to short.
  16. If we hold on in the first half or consolidate we can witness short covering in 2nd half.
  17. Sold 11250 & 11200 Straddle Yesterday @250rs each (This Expiry).
  18. VIX was up 14% yesterday at one point so took the Opportunity to create Straddle.
  19. Nifty might Trade between 11180-11340 today.
  20. stockmarketadvisory.in

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