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Pre - Market Analysis (5th November 2020)

  1. Yesterday night , Dow Jones closed 650 Points higher.
  2. SGX Nifty was around 12170 at that time.
  3. Currently Dow Futures are flat.
  4. SGX Nifty around 12080.
  5. U.S Elections have become a big drama Currently.
  6. Results have not come and still counting in underway.
  7. Yesterday Trump Announced that he would go Supreme Court to stop counting the cotes and he should be addressed as a winner.
  8. As soon as this news came markets fell.
  9. Trump was also leading Biden at one point.
  10. But this fall was immediately bought into and Nifty almost closed at the highest point of the day.
  11. SBI posted good results Yesterday.
  12. Finally it seems the worst is over for them.
  13. Today also our Markets will be rules by U.S Election Verdict and European Markets which open around 1 pm.
  14. There will be high Volatility today as we are opening above 12k.
  15. If we sustain 12k and there's no incremental Negative news then we should close at the highs of the day.
  16. If we start inching below 12k with global markets pressure then we could witness quite a heavy sell off.
  17. Chances of a Consolidation today are quite low.
  18. So option sellers should not go too big.
  19. Reduce Position size and exit in small gains.
  20. Do not wait till 3.30 pm and wish your options should end at ZERO each & everytime.
  21. Nifty might Trade between 11850-12160 today.
  22. Wide range due to Global Uncertainty.


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