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Pre - Market Analysis (13th October 2020)

  1. US markets closed higher Yesterday.
  2. Trump won't let the U.S Market fall before Elections.
  3. This is the fourth straight day where U.S Markets were up by a percent.
  4. So the Momentum seems very strong.
  5. One formula is for sure "Until U.S Markets keep going higher we will not fall" much.
  6. We may or may not go up in line with their Markets.
  7. But definitely we won't fall.
  8. Yesterday Indian Markets were freezed for about 5 Minutes and NSE rates were not reflecting.
  9. These technical Glitches need to resolve immediately.
  10. Traders pay all the Requisite taxes so why don't the Exchanges provide them with well Equipped Technology.
  11. Maybe all this was due to Power Cut in Mumbai and we expect this doesn't happen Constantly.
  12. Wipro is likely to come up with results today and the Market expects something big out of them.
  13. The ITM Straddle up Wipro is 15% higher.
  14. Which states that after the result we may expect some big move in the stock.
  15. Big players get Information before hand and they build Positions previously.
  16. We retail traders need the skill to identify where they have Positioned.
  17. It's true that Market follows big money.
  18. SGX Nifty trading around 11930 now.
  19. I mentioned Yesterday 12000 should act as a Resistance at least for some time and it has worked Yesterday.
  20. Trade remains the same for today.
  21. Try to initiate sell Postions near 12k with a Stoploss of 40-50 Points.
  22. Nifty might Trade between 11850-12030 today.


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