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Pre - Market Analysis (2nd November 2020)

  1. US markets closed lower on Friday.
  2. Asian Markets have recovered from their lows.
  3. Dow Futures is positive now.
  4. SGX Nifty is trading around 11670.
  5. Corona Virus 2nd wave is scaring the stock Markets.
  6. All European Countries have been resorted into Nation wide lockdowns.
  7. India is currently handling the situation well as per numbers reported.
  8. But the day is not far when we see 2nd Wave of Corona virus in our country.
  9. All the Countries when the Cases were reducing became complecant and reduced restrictions.
  10. Then witnessed huge spike in Corona virus cases.
  11. I think India is on that terrain now.
  12. I hope I'm wrong & India doesn't get 2nd wave of Corona Virus.
  13. Over the weekend, England announced lockdown.
  14. U.S Reported the highest single day cases since the pandemic.
  15. They also have Elections coming up.
  16. It's fair to way , Trump Administration couldn't handle the pandemic well.
  17. This might impact him highly during elections.
  18. Global Markets are negative and we have negative global cues.
  19. Local Positive cues doesn't seem to be on the cards .
  20. Citing the Uncertainty , Markets are into an Consolidation mode.
  21. Consolidation in such heavy Uncertainty is actually good for Bulls.
  22. Expecting high Volatility moving ahead.
  23. Friday itself Nifty well around 250 points from day high but almost recovered fully by EOD.
  24. I'm not interested to buy now , I will be exploring postions towards short side on every rise till 12k.
  25. Markets won't fall in one straight line as happened in May.
  26. It would be slow and steady process and patient traders will win this battle.
  27. Impatient traders who take any position at any level with suffer.
  28. Nifty might Trade between 11540-11760 today.
  29. stockmarketadvisory.in

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