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Pre - Market Analysis (26th October 2020)


  1. US markets closed Flat on Friday.
  2. Today Asian markets are also Flat.
  3. Markets are in a Consolidation zone.
  4. They are waiting for some big Announcements like Stimulus , Elections , Corporate Results etc.
  5. SGX Nifty is also Flat.
  6. There are many Negative news floating around.
  7. RBI Governer Shaktikanta Das has been tested positive for Corona Virus.
  8. U.S Government stimulus deal has not happened.
  9. Corona Virus patients increasing in U.S , Emergency being declared in Spain as Second Wave starts to intensify.
  10. There is also News floating around that Kotak Bank is looking to acquire IndusInd Bank.
  11. This seems more of a rumour now.
  12. Kotak Bank should come up with a official confirmation soon.
  13. India might also witness second wave of Corona Virus by November End.
  14. Remember, Second Wave of Corona Virus is doubly Deadlier than First Wave.
  15. This week is very Important for the Markets.
  16. As majority of the Nifty companies are coming up with it's results.
  17. We will continue to trade in the range 11780-12000.
  18. If any of these levels breaks and we get closing above that , then we might witness follow through.
  19. So we are likely to trade on a sideways zone for a couple of sessions.
  20. Monthly expiry Market Generally gives a big move.
  21. One needs to wait for that and not get trapped while markets Consolidate.
  22. Nifty might Trade between 11780-12020 today.
  23. stockmarketadvisory.in

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