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Pre - Market Analysis (10th Dec 2020)

  1. US markets closed lower Yesterday.
  2. Witnessing Mild profit booking as Stimulus deal talks are on the way.
  3. Asian markets are also witnessing slight profit booking.
  4. SGX Nifty is now Trading near 13500.
  5. Yesterday our Markets broke the Resistance of 13500 and closed higher.
  6. This was due to big Unwinding of call options near 13500.
  7. All the Option writers have now shifted to 13600.
  8. Yesterday some Index Heavy weights managed the Markets on the upside.
  9. HDFC Bank , Reliance are the major contributors.
  10. Today is the second weekly expiry .
  11. Remember this series has 5 weekly expirys.
  12. Vaccination has also been started in U.S
  13. There were some videos Circulating of people being Vaccinated.
  14. However there are still rumours about credibility of Vaccine.
  15. But according to me Markets are not looking at all these news.
  16. Bull Markets climb the wall.of worry.
  17. As long as there are problems we rise whej every positive is being attended into.
  18. That's when Markets top up.
  19. So rather than predeciding it's better to follow the Market and the trend.
  20. Trend is strong on the upside & we are in a buy on dip Market.
  21. Be Thankful if you get a bigger dip.
  22. Nifty might Trade between 13340-13560 today.
  24. Question of the day by MR. Nikhil.
  25. I'm a part time trader , I have my Job and also I trade when I get Opportunity. What should I expect from trading?
  26. Trading should never be your primary income. Trading is quite risky and not everybody can take risks. Plus trading requires Capital , Skills and contineous monitoring.
  27. Trading should always be one of the sources of income. Expectations should be that if should cover your monthly expenses.
  28. Your personal expenses , rent if any plus petty household expenses. Your salary everything should be into saving.
  29. If you keep doing this for longer periods you will be in a very good shape relating to finance.


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