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Pre - Market Analysis (10th November 2020)

  1. US markets closed higher.
  2. Dow Future's down 100 Points now.
  3. At highest point, Dow was up 1500 points at one point.
  4. SGX Nifty touched 12780.
  5. But now they have cooled off.
  6. This is a post Elections rally.
  7. Joe Biden winning favours U.S market due to which we witness such sharp rallies.
  8. Expecting some Consolidation now in the Markets.
  9. SGX Nifty is up 200 Points now.
  10. How long will this rally sustain?
  11. Can we touch to higher highs?
  12. Time will say.
  13. But i expect a Consolidation now for few weeks.
  14. Nifty is up 1000 Points in 6-7 trading sessions.
  15. This is a stellar rally.
  16. Trend is still up.
  17. But im not a buyer now.
  18. I won't chase these gap ups.
  19. Market is opening with Big gap ups now a days and consolidating for the rest of the day.
  20. This is happening from almost 2 Months now.
  21. Intraday traders are not getting another serious.
  22. Those who have the guts to carry overnight trades are making money if they are on the right side of the game.
  23. Call writers are getting trapped with such stellar unexpected rally.
  24. FII's continue to buy in big nukbers.
  25. Nifty might Trade between 12620-12800 today.


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