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Pre - Market Analysis (1st October 2020)

  1. US markets closed higher.
  2. Dow futures were Negative Yesterday after the debate.
  3. Asian Markets are higher 
  4. But overnight everything changed and now they are higher.
  5. SGX Nifty is more than 100 Points gap up.
  6. Today is expiry and tomorrow markets are closed , so this is going to be a long weekend.
  7. Yesterday my advice was to sell near 11300-11350 and that worked for the day.
  8. Now this Gap up is also a good Opportunity to sell into.
  9. Bank Nifty not looking much stronger.
  10. Nifty is more bullish than Bank Nifty.
  11. But after this big gap up buying doesn't match risk to return.
  12. FIIs continue to sell heavily 
  13. Whereas DII's are pumping in cash and Supporting our Markets.
  14. Yesterday they have sold for more than 700 crores.
  15. Bank Nifty is likely to be much more Volatile today.
  16. Option sellers should avoid Trading Bank Nifty today as Stoploss of both directions might get hit
  17. Stoploss for short trade on Nifty could be near 11420 
  18. Nifty might Trade between 11260-11440.
  19. stockmarketadvisory.in

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