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Pre - Market Analysis (16th Dec 2020)

  1. US markets closed a Percent higher Yesterday.
  2. Asian Markets are all trading higher.
  3. SGX Nifty around 13640 now.
  4. Pre - Opening for SGX Nifty indicates all time high.
  5. If there is a follow through after the first hour at all time highs.
  6. We can expect more follow through.
  7. Or as always Markets will fall Intraday and recover back in 2nd half.
  8. This is what is going on since a Month now.
  9. Financial Stocks are on a roll now.
  10. Specially the NBFC Companies.
  11. Bajaj Twins were the Heroes behind market recovery Yesterday.
  12. This is a ranging Market and its advisable to play the range.
  13. SGX Nifty indicates 100 Point gap up and if we really open here it's better to sell.
  14. Keeping a Stoploss of 50 Points spot.
  15. Dip towards 13480-13500 is a buying Opportunity.
  16. Yesterday another IPO has opened.
  17. Mrs. Bectors IPO this company deals in Bakery products.
  18. They have an Experience of 25 Years and have a good brand value in 5-6 States.
  19. Future Prospects of the Company looks promising 
  20. Can Apply for listing gains as it won't list below the issue price.
  21. My Verdict - Subscribe.
  22. Nifty might Trade between 13480-13660 today.


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