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Pre - Market Analysis (14th October 2020)


  1. US markets closed Lower Yesterday.
  2. A Normal profit booking after a Fantastic rally.
  3. Markets are Consolidating now.
  4. Asian Markets are all Trading lower.
  5. SGX Nifty is Trading near 11870.
  6. Down by about 50 points.
  7. 12000 as acting as a stiff resistance now.
  8. At least for a short term.
  9. Once this breaks then look to initiate longs.
  10. Until then look to build Positions towards down side.
  11. Wipro declared results today.
  12. But they were not as per Street Expectations.
  13. Stock has already Rallied and doubled in last 2 Months.
  14. Expecting some profit booking here.
  15. IT stocks have entered into profit booking mode.
  16. Corona Vaccine is not going to come at least for next 3-4 Months.
  17. Many Research Agencies have paused Trials after getting Negative Results.
  18. FII's have been buying continuously for last 10 days now.
  19. Whereas DII's are booking profits.
  20. Expecting a few weeks on Consolidation in the Markets.
  21. We have run up too fast.
  22. Nifty might Trade between 11780-11960 today.
  23. stockmarketadvisory.in

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