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Pre - Market Analysis (7th September 2020)

stockmarketadvisory.in
  1. US markets were down 1% on Friday.
  2. Markets were very Volatile in U.S
  3. In spite of good jobs data in was down 3% at one Point.
  4. But in the last hour it has recovered most of the losses.
  5. Asian Markets are mildly Negative.
  6. SGX Nifty is Trading near 11340 now.
  7. U.S Markets are closed today so market should focus on local cues.
  8. As we will get direction from local Factors only.
  9. Markets are looking weak now.
  10. One side of the Economy front everything is turning negative.
  11. But Markets kept rallying.
  12. This was only because of excessive liquidity.
  13. When Markets rise without support of other factors mostly economy , a good correction is expected.
  14. When will that correction happen nobody knows.
  15. We cannot exactly time the Market.
  16. But this is not a market to buy into now.
  17. This is the Market to sell into the Rallies.
  18. All the Rallies/ Pullbacks near Resistance levels should be sold into.
  19. Idea is going to announce an important strategic news today in the Afternoon.
  20. So this stock should be in focus today.
  21. Nifty is now Trading below it's 20 DMA.
  22. Which shows that the short term trend is bearish.
  23. Cases in India have now reached to 80000 per day relating to corona virus Positive.
  24. Media is not showing you negative economy & corona virus updates now.
  25. All they are showing is Unnecessary news which doesn't bother any of us.
  26. Bank Nifty will continue to Underperform compared to Nifty.
  27. Nifty might trade between 11200-11380 today.
  28. stockmarketadvisory.in

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