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Pre - Market Analysis (6th October 2020)


  1. US markets closed higher Yesterday.
  2. Trump has been discharged today so it's a positive.
  3. Asian markets are positive.
  4. SGX Nifty is up by 40 Points and Trading near 11570.
  5. Yesterday our Markets were very Bullish.
  6. IT Stocks contributed to entire Nifty rally.
  7. TCS on the verge of buy back Announcement was up 7.5% and Infy was up 3%.
  8. IT stocks have been clearly outperforming since last Month.
  9. FII's have turned buyers now and DII's sold Yesterday for the first time after many days.
  10. Expecting Markets to be Bullish to Sideways now.
  11. With IT Sector & Reliance taking over the Leadership it seems that downside is limited.
  12. Yesterday , surprisingly Banking stocks were also outperforming the Nifty.
  13. Interestingly VIX was up by 3% yesterday.
  14. Many people think that if VIX is high markets will fall.
  15. That's not true.
  16. VIX can go up even in a rising Market and also go up in a falling market.
  17. VIX going higher indicates a big move is on the cards.
  18. 11600 is a stiff resistance on NIFTY and it reversed from those zones Yesterday as well.
  19. Once this level is taken out we can retest last Month high of 11820.
  20. Nifty might Trade between 11460-11640.
  21. stockmarketadvisory.in

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