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Pre - Market Analysis (8th October 2020)

  1. US markets closed higher Yesterday.
  2. Asian Markets are all in Green.
  3. SGX Nifty is up by 50-60 Points.
  4. Today is the weekly Expiry so we may have a trending day today.
  5. Once Nifty crosses 11800 and Sustains above it previous high then we may witness more rally towards the end of the day.
  6. As conveyed Yesterday , view remains to buy on dips.
  7. This remains the Strategy as long as we are in uptrend.
  8. IT stocks are in a league of their own.
  9. Outperforming continuously from past 2 Months since results declaration.
  10. Nifty is about to complete a 1000 Points rally today from the last Monthky expiry dip.
  11. Bank Nifty is still Underperforming but catch up play Possible.
  12. The idea remains to follow the Trend , stick to it rather than Presuming too much.
  13. Reliance is also likely to Outperforming once it raises more Investments.
  14. Everything is looking fairly bullish now.
  15. This expiry would continue to be the same 
  16. Usually on the expiry day the Trend continues.
  17. IT stocks are a buy even now.
  18. As these Businesses will continue to be work from home so getting high Valuations.
  19. Nifty might Trade between 11720-11880 today


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