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Pre - Market Analysis (19th October 2021)

  1. U.S Markets were down 300 Points at one point of time but closed almost flat.
  2. Nasdaq is just 2% away from record highs.
  3. Right now Asian Markets are higher.
  4. SGX Nifty is Trading at 18560 now indicating another 70-80 point gap up.
  5. Well this is a run away Market that we are witnessing.
  6. Huge gap ups being sustained and while traders are waiting for dips to enter into , the dips are not coming.
  7. Yesterday was the day of IT Stocks , Metals and PSU Banks.
  8. HDFC bank declared good results but it witnessed profit booking.
  9. All the other Banking stocks shot up yesterday.
  10. SBI hit a lifetime high of ₹500 on Intraday basis.
  11. I still somehow feel a short correction is imminent but we cannot predict the time.
  12. Market might run up even more and then correct.
  13. One should manage the risk and go with the Market.
  14. The trend is surely up and there's no question of it.
  15. Rather than looking to sell , the focus should be to buy at important levels.
  16. HDFC Bank ADR was up 0.7% yesterday in U.S so Expecting it to stabilize today.
  17. 1700 CE of HDFC Bank has the highest open interest.
  18. Once this is taken out we can expect HDFC bank and Bank Nifty to fly.
  19. 18479-18500 is a good zone to enter for Intraday.
  20. Nifty might Trade between 18450 to 18650 today.


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