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Pre - Market Analysis (9th September 2020)

  1. U.S Markets fell 3% Yesterday.
  2. Asian Markets are mostly trading Negative.
  3. SGX Nifty is Trading near 11280.
  4. Nasdaq has fallen more than 11% in last 3 Trading sessions.
  5. Nasdaq is Technology companies index in U.S
  6. Technology stocks are getting beaten up abroad.
  7. Tesla which became 5X since March is Underperforming.
  8. Let's come to our Markets now.
  9. India China border issues going on & Yesterday indian Border forces have issued some official Statement.
  10. Corona Virus Cases are continuing to peak up.
  11. Government is slowly opening up the Economy now.
  12. GDP Growth rate was -24% (Negative)
  13. Media won't show you this , later on when GDP comes in Positive Govt will come and take credit.
  14. The point is it is so low now & with Opening up of economy , the Growth rate is bound to increase.
  15. Banking stocks case is going on in Supreme court for interest waiver.
  16. This is keeping Bank Nifty under pressure.
  17. Bank NIFTY rallied in August End but now has given up most of the gains.
  18. Yesterday too markets were Trading in 80% of Trading session but last hour they fell apart.
  19. This Market is looking very weak & a correction seems overdue now.
  20. I will not buy in this Market.
  21. I will just look at rallies to sell more.
  22. Important is to follow the Trend to make big money.
  23. Nifty might Trade between 11180-11350.


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