- There is absolute panic everywhere.
- Bank Nifty fell more than 10%, Nifty fell close to 10% Yesterday
- US markets also fell 10% & hit lower Circuit Yesterday.
- Brazil fell 15% as their President tests positive for Corona Virus.
- Most Asian markets are down by 8 to 10%.
- SGX Nifty was also down close to 10% but now recovered a bit from lows.
- Yesterday and today market phase is clearly "Capitulation" period & no effort by Govts or Central Banks is helping.
- Yesterday Europe fell just after ECB announcements.
- SGX Nifty fell just after RBI announcement of liquidity measures.
- Corona Virus headline news is getting worst, Canada's PM's wife and many other top people have been infected.
- No technical, No fundamental, nothing is working in this market currently.
- I think this is a great Opportunity to buy and one should deploy at least 40-50% cash at current levels.
- Do not worry where the Nifty or Sensex goes. Even if it goes down by 10% from current levels Quality companies Stock Prices would continue to rise. Remember you are Investing in Companies & not in Markets. You are Investing in Business and not in Stock Prices.
- Expect another volatile day today everyday is turning out to be more ridiculous than the other.
- S&P 500 VIX hit a high of 76, 2008 peak was 81. So we are almost at the highest stage of panic right now.
- So logically, markets should stabilise somewhere here.
- Advice for Traders is to Trade in small Volumes and not to perform any Adventures.
- There have been many such Virus in the past & when you look back at History they all have been great buying Opportunities for an Investor. (Swine Flu , Ebola etc)
- Avoid listening to Media , their job is to sell their News & the only way they can Sell it is by Creating Panic. Be Rational, avoid listening to known news because it will just cause more panic in your Mind.
- A Few Months from now nobody would be speaking about Corona Virus , Remember this is just an Event. Temporary event with a Temporary Impact. There is nothing Parmanent about this.
- No levels today for any of Indices. When there is daily Movement of 800-1000 points on Indices there are no levels to look for & the same doesn't work
- This too Shall Pass:)
- .stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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