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Pre - Market Analysis (23rd Dec 2020)

  1. US markets closed in red.
  2. Asian Markets are Mixed.
  3. Trump has put a halt for US Stimulus.
  4. This triggered a sell off and Negative sentiment.
  5. Yesterday our Markets bounced back pretty well after a huge sell off few days back.
  6. Coming to know from many Sources that all the Pending orders between 11.30 to 11.40 got cancelled due to Technical Glitches.
  7. Many traders like me place a Stoploss order and we handle our daily works.
  8. I take care of clients after putting the same in system.
  9. But due to Technical Glitch all of them got cancelled.
  10. So when these Stoploss orders get cancelled it led to huge fall.
  11. Now this Mutant Corona Virus fears are on the floor.
  12. Markets are worried about this currently. 
  13. Yesterdays low and high remain important levels for today.
  14. We might consolidate between these levels for some time & after European Markets open.
  15. We could Possibly make a big move.
  16. View remains Rangebound / Negative now.
  17. FMCG stocks look safe bets now.
  18. IT Stocks should also be on radar.
  19. Amidst this Volatility you shouldn't keep your postions open for longer time.
  20. Enter and get out quick.
  21. Because one Volatile move can throw you out.
  22. Nifty might Trade between 13300-13520 today.


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