Daily Report · October 27, 2020

Pre Market Report 27 OCT

  • US markets took a plunge due to lockdown and election jitters, but soon recovered.
  • We may not see stimulus before elections as it may appear.
  • NIfty also took a good 200 point dive before recovering 50 odd points.
  • This was mainly due to Auto and Metal stocks.
  • Volatility is here.
  • FII and DII both were sellers yesterday.
  • If previous day low doesn’t break a move up is likely towards 12200.
  • Reliance , HDFC bank, ICICI bank saw huge selling. These should move up foe nifty to cross 12k easily.
  • This may or may not happen in novemeber as US elections are there.
  • The only thing certain for now is volatilty.