Pre Market Report:
- WHO ( World Health Organisation) announced Corona Virus as Pandemic & US markets fell by around 1400 Points.
- Trump spoke today morning & stated some Measures which he would take for revival but nothing seems to be helping markets right now.
- Asian markets are absolutely in panic. Corona Virus Fears are being extended day by day.
- Indigo Flight Bookings are down by 15-20% is last few weeks. NBA has been suspended as one player tests positive for Corona Virus & high likely that IPL also gets Postponed.
- SGX Nifty is down by over 500 points.
- This is the fourth such gap down in last one month.
- Markets will be in absolute panic in the first 30 minutes.
- So far Govt or RBI has not spoken anything to control the damage of Corona Virus.
- The only thing RBI can do now is to cut rates by 50 basis points before the market opens today.
- Americas "AMITABH BACHCHAN " Mr. TOM HANKS & his wife also tests positive for Corona Virus. U.S Health Minister also tests Positive for Corona Virus so this is Spreading like Wildfire.
- Even then it will give relief only for few minutes.
- All markets where rate cut announced fell.
- Dow entered into bear territory by falling more than 20% from it's lifetime high. So , this is not a Correction this is a Global Bear Market.
- Today it is likely to fall another 5% taking total fall more than 25%.
- This will be the worst fall after 2008.
- Once we break 10,000 level on Nifty it will be a freefall towards more Downside and we can easily witness much lower levels.
- Repeatedly , since 12000 on Nifty I have been saying not to buy. Advice remains the same that don't buy even now. Do not try to act much smarter in Advance and start buying you can lose total Capital .
- This Market is not to make any Adventures. Protect your Capital. Markets are open for lifetime & Money can be made later on.
- We have sold Today's Expiry ATM & OTM call Options.
- Hearing a new term from Many People now a days " Markets are Oversold" & should not go more lower from here. Now , i just want to ask what is Oversold? How much is Oversold? 15% ,20% or 25%.
- When Nifty fell 10% everybody was saying markets are Oversold. Now it's down by 25% and still people are saying the same. There is no definition of "Oversold" . Do not fall in this Myth and start Predicting things before hand.
- Don't expect any big recovery in the Month of March for sure.
- Futures Trading at a high Discount from Spot levels. So making Money in Futures Market is Quite Difficult. Best way to deal with this Volatility is to buy puts.
- Good times will come. Bad times are Temporary , Good times are Parmanent so be safe and dont take wild risks.
- Its okay if you don't make Money reading my Blogs. My job is to Safeguard & show the way / direction of Market. If my Blogs have protected your Money and have shown you the way forward then my job is done.
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