- US markets were down around 3% Yesterday.
- Asian Markets are also Trading Negative.
- SGX Nifty is in Negative about 1.5%.
- Yesterday WTI Crude prices crashed to minus 37 dollars.
- Due to Excess Supply in Past Few Months & also due to no Demand the crude Crash came as a Shocker.
- This means if you buy one barrel of Crude oil, you do not have to pay instead you will be paid if taken Physical Delivery.
- Donald Trump has Tweeted this & World Markets continue to be under Pressure.
- Companies Dealing with Business outside India could likely be under Pressure today.
- IT Stocks , Automobiles could be under Pressure due to Trumps Tweet.
- ICICI Bank closed 5% lower Yesterday due to news that is has given about 750 Crores loan to an Oil Trading firm which has likely become an NPA.
- Bank Nifty closed Negative due to the same.
- Markets may continue to Consolidate and the Bias has shifted in favour of Bears.
- Due to the Latest Developments etc Markets are likely to be under pressure.
- Although Markets are Trading within a Range , the Volatility within the range seems to be Increasing.
- Infosys Delivered results Yesterday & the results were at par with Expectation.
- Nifty Range for today is 9000 to 9300.
- Once 9000 gets broken & Sustains then we might Witness 8800 in a couple of Trading Sessions.
- When there is news , analysis doesn't work.
- Markets react only to the News.
- Reports are our that SIP's are being stopped/ Withdrawn by 70%.
- This is Expected because SIP's are mostly done by Salaried Class people & when there is no salary from last Month how can people do SIP?
- This isnt shocking for me.
- There will be Volatile Swings in the Markets so trading near the Boundaries seems to be the best Trade for now.
- Corona Virus Fears continue to Mount and the Global Number of Positive has reached 25,00,000.
- Nifty failed for the third time Yesterday to cross 9350. This shows that its a strong Resistance Zone.
- 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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