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Pre - Market Analysis (3rd November 2020)



  1. US markets closed more than a percent higher Yesterday.
  2. Asian markets are all in Green .
  3. SGX Nifty at weekly high & Trading near 11750.
  4. Dow Futures are now Positive.
  5. Yesterday Bank Nifty was up more than 1000 Points.
  6. This rally was without any news etc.
  7. There were sub par results from ICICI Bank etc which might have led to big Short covering.
  8. Pre election volatility in U.S Markets is being witnessed.
  9. FII's have started buying after being net sellers for quite a long time.
  10. DII's have turned sellers.
  11. The big day is here now.
  12. U.S Elections the most important event on which the whole world keeps looking at.
  13. Trump might be slightly Disadvantageous due to risking lives to many Americans in this Pandemic.
  14. Corona Virus was not seriously handled by his Administration.
  15. It looks like Market favours Joe Biden to win the Election.
  16. Markets are Anti Trump.
  17. However Election moves are very Difficult to predict.
  18. Outcome is much Difficult to predict.
  19. Indian Markets are rangebound and in a Consolidation phase.
  20. Use these type of gap Ups to sell into with Stoploss.
  21. Nifty might Trade between 11640-11800.
  22. stockmarketadvisory.in

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