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Pre - Market Analysis (29th September 2020)


  1. US markets were up 2% .
  2. Asian markets are Flat
  3. SGX Nifty is also flat.
  4. October series has started on a great note for the Bulls.
  5. Bank Nifty up more than 1200 Points and Nifty up more than 400.
  6. There was some excessive shorting on the last Expiry and that has been covered now which we call as Short covering and that's the reason of the rally.
  7. Market will repeatedly question you that are we in a Bull Market?
  8. When Corrections are being witnessed.
  9. And After a big correction it will get back to its normal ways of a Bull Market rally.
  10. RBI Policy is also Postoponed.
  11. Maybe RBI is waiting for Supreme Court Verdict wrt. Interest on Interest case going on.
  12. After the Court Verdict RBI may come up with their decision soon.
  13. Interestingly , Supreme Court Verdict has also been Postponed.
  14. Indian Judiciary , you know:)
  15. FII's have stopped selling upto now for this Expiry and DII's have started buying.
  16. This is the main reason of the short covering rally.
  17. I'm not interested to play the Upside now as a Trader.
  18. Remember you always need to have a one sided view.
  19. You cannot trade the Upside as well as downside.
  20. When Market gets into my Zone to short I will look to short.
  21. Rallies like these are a dead cat bounce and can be trapped.
  22. Around 11350-11400 I would like to explore shorting Opportunities.
  23. Until then Just focus on Equity Stocks and enjoy from the Sidelines.
  24. Madagon Dock Shipbuilders IPO opens today.
  25. Do not forget to Apply for this for huge listing gains.
  26. Nifty might Trade between 11140-11320 today.
  27. stockmarketadvisory.in

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