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Pre - Market Analysis (31st August 2020)


  1. U.S Markets closed mildly Positive on Friday
  2. Asian Markets are all Trading higher.
  3. SGX Nifty is around 11760.
  4. Indicating a gap up of about 80+ Points.
  5. Bank Nifty is the star of the show Currently.
  6. Bank Nifty was up 1000 Points on Friday and has clearly broken out from all its Resistances.
  7. Bank Nifty itself is taking Nifty higher.
  8. Weekend another major news was announced relating to Reliance - Future group deal.
  9. Expecting Reliance to Trade on a Positive momentum after this.
  10. Only last week RBI Governor said markets will correct.
  11. Markets are moving higher with more momentum after that.
  12. Today's talk of the town is Reliance buying Future Retail.
  13. Second big news is the extension of Moratorium by Banks.
  14. Moratorium extension is Negative for Banks and vice versa.
  15. PSU banks are looking so strong and on a serious Bull Market.
  16. Look for pockets which was not performed in the recent rally.
  17. These are where you can make money now.
  18. Buy the Dip and ride the Trend.
  19. Nifty might trade between 11660 to 11820 today.
  20. stockmarketadvisory.in

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