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.