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Pre - Market Analysis (19th October 2020)

  1. US markets closed Positive on Friday.
  2. Asian Markets are Trading Positive.
  3. SGX Nifty now near 11800.
  4. Stimulus talks have been set aside now by the U.S Govt.
  5. Trump seems to be waiting for the right time to announce the Stimulus.
  6. Just as Narendra Modi did surgical strike just before elections and made majority in his Favour.
  7. Trump seems to be making stimulus as his weapon for Elections.
  8. There will be heavy Volatility going forward.
  9. Many factors will contribute to the Volatility.
  10. Firstly the U.S Elections.
  11. Secondly Corona Virus second wave.
  12. Next the Corporate Results season has just begun.
  13. HDFC Bank is coming out with its results today.
  14. This will decide the Trajectory of Bank Nifty today.
  15. Bank Nifty has about 25% weightage in Nifty.
  16. So all together all factors seem that it's going to be another Volatile trading session today.
  17. After the results of all the IT stocks , all have witnessed severe profit booking as all the IT stocks have almost doubled in last 3 Months.
  18. Financial Stocks were a laggard in this rally.
  19. So if HDFC bank comes up with good results we can expect a big move on that front.
  20. Primary trend is Upwards.
  21. Intraday Volatility and dips will be there.
  22. It's a buy on dips market as of now.
  23. Nifty might trade between 11720-11880


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