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Pre - Market Analysis (19th November 2020)

  1. US markets closed a percent lower Yesterday.
  2. This was a Normal profit booking considering such heavy rally in November series.
  3. Pfizer announced that their Vaccine is 95% effective, earlier they said it is 90%.
  4. Pfizer and Moderna are competing so hard like Messi & Ronaldo in Football.
  5. Pfizer has claimed that they accuracy more than that of which Moderna was Claiming.
  6. Asian Market's are all witnessing profit booking.
  7. SGX Nifty is Down 100 Points and Trading near 12870.
  8. Today is weekly expiry so things might become Volatile.
  9. 12800 is a short term support on Nifty.
  10. If that gets violated then sell off will accentuate.
  11. Expecting today's Expiry to be sideways / choppy.
  12. Market will give you a feeling that it will break resistance but it won't.
  13. You will feel support will get taken out but it won't sustain.
  14. Expecting this to be the way ahead for today.
  15. India has not tested even 10% of the Population and has around 90L cases.
  16. Situation might worsen if Vaccine is delayed.
  17. In Bull Market every bad news gets ignored & that's what is happening now.
  18. Nifty might Trade between 12800-12960 today.
  19. Banks might continue outperform for November series.


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