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Pre - Market Analysis (20th August 2021)

  1. U.S Markets closed lower on Wednesday.
  2. Thursday our Markets were closed.
  3. Yesterday, U.S Markets were flat.
  4. Asian Markets are all down.
  5. SGX Nifty is down by 200 Points and Trading near 16350.
  6. Reason for this is Majorly due to Afghanistan issue.
  7. Afghanistan has closed down its borders and has restricted movement of goods.
  8. Import and Export have now been stopped by the entry of Taliban.
  9. This news had come around on Wednesday and was confirmed by the Authorities later during the day.
  10. Indian Exports and Imports from Afghanistan is more than 1200 Million $ per year.
  11. This Blockage and restriction will hamper India's Business in future.
  12. U.S Fed also indicating taper tantrum to take place much sooner than expected.
  13. All these news over the Holiday has led to such fall.
  14. Now the Million Dollar Question is what Next from here?
  15. The trend now has surely become Negative.
  16. Market wont fall in a straight line but will witness bounce in between.
  17. These bounce should be used as an Opportunity to exit long positions by the Traders.
  18. Once this sell off stops , Market makes a low and starts to recover. We would again be in a Bullish Zone.
  19. Nifty might Trade between 16240 to 16480 today.


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