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Pre - Market Analysis (21st August 2020)


  1. US markets closed higher Yesterday.
  2. This Market is changing trend with each passing day.
  3. After FED minutes everyone was Bearish but market retrased again.
  4. Asian Markets are also higher.
  5. SGX Nifty is up by 100 Points.
  6. 11500 is the area where highest open interest in option chain
  7. Which means highest call writing .
  8. So this will act as a Resistance unless people start shifting over.
  9. I am Expecting a correction in our Markets now.
  10. A correction of 200-300 Points.
  11. Reliance is below 20 DMA.
  12. Markets are at all time highs.
  13. So there is a good risk reward in this trade.
  14. Shorting near 11400-11450 would have a risk of 75-100 Points but if it works it can fetch you 200-300 Points.
  15. Trading is all about Analysing risk & reward.
  16. Nothing is certain here.
  17. If you want to be right every single time , trading is not for you.
  18. You cannot be right every single time.
  19. 11500 is the Stoploss for Short Trade.
  20. I might be wrong also , so trade on your own risk.
  21. Consult your Financial Advisor and Trade on your own risk.
  22. stockmarketadvisory.in

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