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Pre - Market Analysis (9th November 2020)

  1. Joe Biden has won US Elections this Weekend.
  2. Trump has been Protesting but it doesn't matter.
  3. It has Officially been declared now.
  4. U.S Markets are Celebrating Joe Bidens Victory.
  5. Asian Markets are Trading higher.
  6. SGX Nifty hit an all time high of 12460.
  7. Today we are going to open near all time high.
  8. This has been a Fantastic rally from 7500 for Nifty.
  9. Market has hit all time high in no time.
  10. So the Question is what next?
  11. Will Nifty touch 15k?
  12. One thing I've Learned based from my Experience is all time highs work as Resistances.
  13. So now at open its better to exit longs and wait.
  14. HNI Investors and Long Term Investors would prefer to book profits at higher levels.
  15. I will be exiting my Swing longs and would be just observing markets today.
  16. It's definitely not the time for fresh buy.
  17. Delhi has been gripping with 2nd wave of Corona , GDP at all time low.
  18. So things are not upto the Mark even now.
  19. Bulls, time to Celebrate book profits and let Market say you what's coming next.
  20. Nifty might Trade between 12320-12480 today.


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