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Pre - Market Analysis (20th April 2021)


  1. US markets were down for about a percent Yesterday.
  2. Asian markets are mixed.
  3. SGX Nifty is higher by 60 points.
  4. Global markets have went into profit booking Yesterday but right now U.S Futures are higher.
  5. Yesterday we witnessed a severe fall but we didn't broke the support area.
  6. Yesterday the low for Nifty was near 14200.
  7. Yesterday I mentioned that this is an Opportunity to sell puts and the premiums were really high Yesterday.
  8. By selling 13800 PE which is 400 Points away from Spot one could 4% return in just 3 working days.
  9. India VIX was up 10% Yesterday.
  10. Expecting it to go lower today.
  11. At one Point of time Bank Nifty was down 1500 Points but recovered almost 900 points from the lows.
  12. Corona Virus Situation is getting worse day by day.
  13. By sense is it will worsen it coming days.
  14. The top has not been made yet for Covid Cases.
  15. FII's have turned sellers Yesterday whereas DII's supported the Markets at lower levels.
  16. I would be bearish in short term only if we break 14200 on Nifty.
  17. Above 14200 theres no reason to be bearish
  18. It's a buy on dip opportunity on every correction.
  19. Nifty might Trade between 14240 to 14560 today.
  20. stockmarketadvisory.in

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