- US markets closed 0.6% negative Yesterday.
- Asian Marlets are mindly lower.
- U.S futures right now are slightly positive.
- SGX Nifty is Trading near 13530 now.
- Yesterday I mentioned 13400 to 13600 range for Nifty.
- This range worked out well & can continue to go on.
- Markets are Rallying too fast too quick are Consolidating.
- Consolidation is infact good for the Bulls.
- I won’t like to go long here and won’t like to add fresh money.
- Dips would come and that would be opportunity to add.
- Bank Nifty also Trading in a narrow range.
- Next big event for the markets is the Budget.
- After December Month focus would shift on the budget.
- FII’s continue to buy.
- In U.S interest rates are Zero.
- Therefore FII’s look to invest in Markets and emerging Markets.
- To at least generate some return.
- Today’s view is clear buy on dips closer to 13400.
- Bank Nifty near 30500.
- Nifty might Trade between 13420-13580 today.
- Today will be range bound market – Consolidation phase.
Pre – Market Analysis (15th Dec 2020)
money macros 
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