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Pre - Market Analysis (18th Feb 2020)


  1. US markets closed flat Yesterday.
  2. Markets all over the World are in a Consolidation phase.
  3. Consolidation is the need of the hour for Bulls.
  4. Consolidations and Corrections in Bull Markets bring more Strength and Pace to the Markets.
  5. Asian markets are mostly down.
  6. SGX Nifty is up 40 points.
  7. 15260 seems to a strong resistance for our Markets now.
  8. We have been failing to break through the range.
  9. We have broke out of the range and went higher than 15260 level but failed to sustain.
  10. 15300 Straddle has the highest open interest.
  11. So expiry can be expected near this level unless another big move / spike appears.
  12. HDFC Twins were weak Yesterday.
  13. They contributed more to the downside.
  14. On the other hand , PSU Bank index rallied 6% Yesterday.
  15. PSU Banks kept the Bank Nifty breadth intact.
  16. The reason is that there were some restrictions announced by RBI for Housing Finance Companies.
  17. Currently it seems like all the sectors and stocks have been peaked out.
  18. Market needs fresh news or Trigger to continue Momentum.
  19. Nifty might Trade between 15120-15340 today.
  20. stockmarketadvisory.in

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