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Pre - Market Analysis (21st October 2020)


  1. US markets closed higher Yesterday.
  2. Asian Markets are all Trading mildly Positive.
  3. Stimulus talks are going on in U.S
  4. SGX Nifty is Trading around 11930.
  5. Yesterday another news that PM Modi is going to address the Nation.
  6. It was just related to Precautionary measures and nothing much.
  7. So that is a Non - Event for the Markets.
  8. Nifty is very close to 12000.
  9. This is a make or break level for Nifty.
  10. If we decisively cross this level then we can expect further Momentum and steam in the Markets.
  11. This will be the 2nd time where Nifty is trying to cross 12000.
  12. Yesterday Reliance came up with 5G news Announcement.
  13. This might trigger a Positive sentiment in Reliance.
  14. Reliance being the highest Weightage component in Nifty.
  15. If it gives a big move then it will definitely carry Nifty with itself.
  16. FII's have started buying.
  17. So every Possibility that Nifty may give a breakout above 12k.
  18. HUL came up with good results Yesterday so that might trigger a good rally in FMCG Stocks.
  19. Nifty might Trade between 11880-12060.
  20. stockmarketadvisory.in

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