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Pre - Market Analysis (12th October 2020)

  1. US markets closed Positive on Friday.
  2. Asian Markets are also Positive.
  3. SGX Nifty just above 12k.
  4. More than 1000 Point rally in last 2 weeks.
  5. Bank Nifty still not even near it's previous highs.
  6. October series has been just One way rally for the Bulls.
  7. Now 12k is also achieved.
  8. Broader Market still not upto the Mark as the Nifty.
  9. Few sectors and Stocks contributing this rally.
  10. Financial sector is still a laggard.
  11. Results season begins again.
  12.  WIPRO is coming up with it's results today.
  13. 12k should act as a Resistance level at least for some time.
  14. If we get a closing above 12k today then next target is 12200.
  15. So today's closing is very very important as far as im concerned.
  16. U.S Stimulus also is a major event.
  17. If that gets clearance then all time high won't be far.
  18. We are around 4.5% away from all time highs now.
  19. A word of caution also not to be overly Optimistic.
  20. Go long with proper Stoploss and not just Blindly.
  21. Because this Market cab turn on its head.
  22. Next 3 weeks are going to be highly Volatile as many events lined up.
  23. Nifty might Trade between 11900-12060.
  24. stockmarketadvisory.in

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