Pre – Market Analysis (20th November 2020)

US markets closed higher from their lows.
Dow Futures are Trading lower now.
Asian Market’s are Trading higher.
SGX Nifty is Trading around 12830.
Yesterday it was a highly Volatile Expiry.
First Market recovered from lows and went near highs of the day around 12960 then profit booking was witnessed.
Due to expiry issues put writers got trapped and we Witnessed a big sell off.
There are 5 working days remaining for November expiry now.
Corrections like Yesterday are a buying Opportunity in a Rising Bull Market.
Stimulus talks have started in U.S
Negotiation seems to be going on.
Indian Stimulus 2.0 was announced but it was like a “Girl Crush”.
When did it arrive , when did it get completed. Nobody knows.
Serum Institute of India has come up with a Vaccine news and it states as follows:
Serum Institute of India’s CEO Adar Poonawala says Oxford COVID-19 vaccine should be available for healthcare workers, elderly people by around Feb 2021 and by April for general public. It will be priced at a maximum of Rs 1,000 for two necessary doses.
Do not carry fresh Positions over the weekend.
Things might get up quite Volatile as major news flow is on radar.
Due to this Asian Markets have been picking up some steam.
Nifty might Trade between 12740-12920 today.