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Pre - Market Analysis (30th October 2020)

  1. US markets closed higher Yesterday.
  2. But After Market hours , it Witnessed a huge sell off.
  3. All major frontline stocks of Dow Jones like Twitter , Amazon etc are lower.
  4. It seems more of a relief rally that was witnessed Yesterday.
  5. Asian Markets are also Trading Positive.
  6. SGX Nifty is Trading around 11640.
  7. This Market keeps changing in the Blink of an eye.
  8. Reasons for such heavy Volatility are a lot.
  9. U.S Elections , Corona Virus 2nd wave , Stimulus delayed , European Countries are again resorting to nation wide lockdown.
  10. So the picture is highly Uncertain.
  11. Any type of rally or pull backs should be sold into heavily now.
  12. But US futures are lower now.
  13. India VIX is constantly raising.
  14. Which depicts heavy Volatility ahead.
  15. I don't expect markets to fall like it happened in the Month of March.
  16. I definitely expect a correction.
  17. 400-500 Points on Nifty.
  18. 1000-1200 Points on Bank Nifty seems on the cards now.
  19. Time in Uncertain , nobody can predict when will it happen.
  20. As Markets take their own time.
  21. October Month was highly Volatile.
  22. Expecting November to be much better than October.
  23. Nifty might Trade between 11540-11720 today.


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