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Pre - Market Analysis (23rd October 2020)


  1. US markets closed slightly higher. MOSTLY FLAT ONLY.
  2. Asian Markets are all Flat.
  3. SGX Nifty is also Flat.
  4. Nifty has been Trading Violently between 11650 to 12000.
  5. We were not able to break and Sustain above 12k.
  6. U.S are playing with Stimulus now.
  7. There is no confirmed news just Rumours floating around.
  8. Meanwhile theres also a news floating around of 2nd stimulus from Indian Govt.
  9. Remember , last time market Crashed when Govt Announced Stimulus.
  10. Hope they don't come up with something similar or we may witness another crash.
  11. So lots of news coming up without confirmation.
  12. DII's have been selling Aggressively now.
  13. FII's have been buying but DII's selling figure is over powering the FII buying.
  14. Seeing all this we can expect Consolidation only.
  15. We need some trigger to cross 12k decisively.
  16. Right now I do not see any sector having leadership to make Nifty cross 12k.
  17. So Trade within this range.
  18. Range is 11650 to 12000.
  19. So buy near lower end of the range , sell near upper end of the Range.
  20. Nifty Might Trade between 11780-11980.
  21. stockmarketadvisory.in

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