Pre – Market Analysis (28th Dec 2020)

US Markets closed Mixed.
Right now , U.S Futures are up 0.5%
SGX Nifty is Trading near 13870.
Trump signs U.S Stimulus bill.
Asian markets are positive.
That is indicating fresh all time high for Nifty.
Last Monday was the Technical Glitch day.
Nifty fell 4%, Bank Nifty fell 5%, mid cap and small cap fell 6%.
I’ve stated many times in past that Bull Market corrections last only for a day.
We have recovered all the losses.
Now we might Consolidate after this big gap up.
Markets giving Intraday Correction almost daily & these are an Opportunity to enter.
FII volumes dried up.
Due to New Year & Christmas holidays.
Bank Nifty also looks quite strong.
With all front line bank stocks almost at their highs.
FMCG & IT is the place to park funds right now.
Look for stocks which haven’t Participanted much in this rally.
These will be more Value bets.
Volumes will be very low as its holiday week.
That also gives room to high Volatility.
Nifty might Trade between 13740-13880.
Global indices futures shown positive vibes in market. (seen above picture)