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Pre - Market Analysis (30th September 2020)

  1. US markets closed Negative Yesterday.
  2. Asian Markets are Trading Flat.
  3. Right now, as Presidential Candidates heated debate is going on, US futures are Trading higher.
  4. From Past 2 Months markets have been all over the place but the mean was near 11200 on Nifty.
  5. Bank Nifty was one of the major Volatile Indice.
  6. Now Markets will be closely keeping an eye on U.S Presidential Elections.
  7. This is likely to be the next biggest event for the Markets.
  8. FII's have sold more than 1000 crores Yesterday.
  9. DII's supported the Markets in October expiry beginning.
  10. But FII's now have been selling relentlessly.
  11. One has to be cautious now on the long side.
  12. Liquidity seems to be curbing in the Primary market due to many IPO's being launched.
  13. IPO's have been oversubscribing more than 50X each on average so majority funds are blocked there.
  14. India VIX is slowly inching higher.
  15. I will look to build short Positions near 11300-11350 on Nifty (Positional)
  16. Possibilities that Reliance may hold Nifty today.
  17. As they have some more Investments from General Atlantic.
  18. Just as I type Dow Futures down 1% after the Presidential debate after they were in Green.
  19. So get ready for a high Volatile session today.
  20. Nifty might Trade between 11120-11340 today.


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