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Pre - Market Analysis (6th November 2020)


  1. US markets closed about 2% higher Yesterday.
  2. Asian markets are also Trading higher.
  3. SGX Nifty is almost flat.
  4. Markets have witnessed a fantastic rally in past few sessions.
  5. Now we are very close to all time highs.
  6. Nifty is just 2% away from all time highs whereas Bank Nifty around 20-22%.
  7. No matter whatever happening in U.S our Markets are rallying.
  8. It seems like we have decided not to go lower.
  9. Once there is a clarity and a possible announcement of Stimulus, we have every chance of hitting all time high in this series.
  10. Yesterday India VIX crashed about 9%.
  11. But US VIX crashed One thirds in last 2 trading sessions.
  12. India VIX below 30 is a good sign for option sellers.
  13. FIIs have started buying whereas DII's continue to sell.
  14. Biden has a big advantage over Trump now.
  15. Trump has approached the Court but it doesn't seem to be working yet.
  16. This is a buy on dip Market now.
  17. We have closed decisively above 12k.
  18. Every dip needs to be bought into.
  19. Nifty might Trade between 12040-12220.
  20. stockmarketadvisory.in

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