- U.S Markets closed 1% higher On Friday.
- All Asian Markets are Mostly Trading Positive.
- China has Declared Wuhan as Corona Free City.
- On Friday Nifty closed 1.5% lower but Bank Nifty closed 3% lower.
- Bank Nifty fell exactly double of Nifty.
- Financials are in a Bear Market & due to the Franklin issue the problems seems to Worsen .
- FII's are still Holding more than 60% long Positions in Index . So I don't expect Markets to fall heavily from here .
- Nifty has been Consolidating from past few weeks.
- The Range at which it was Consolidating was between 8800-9300.
- Now this Range seems to be Expanding & it's Expanding on the higher side.
- The Range has Moved to from 9000 to 9400 on Nifty now.
- Many Quality Stocks are Trading near their 52 week highs.
- Reliance has almost given more than 70% return in last 1 Month.
- Facebook - JIO deal comprised than 25-30% return out of those 70% .
- This is common in Bear Markets as Majority of the Smaller Businesses & High Leverage BUSINESS close down.
- The Market share is captured by Big Players.
- In Bear Markets , Big becomes Bigger & Small becomes zero.
- Corona Virus cases are Increasing but the pace at which they are rising is lower than before.
- Bank Nifty will continue to Underperform as Compared to Nifty purely because of their own issues & also due to Franklin Templeton debt funds issue.
- In the Month of March , when Crude fell 30% in a day our Markets opened 400 Points lower & Continued it's downtrend.
- This Month in Spite of crude going at Negative prices Nifty failed to break 8900. This should say more about the Market Behaviour & Sentiment.
- Unless there is no Incremental Negative News , we are in a Buy on Dips Market.
- The Range is slowly Expanding on the higher side.
- Markets Seem to be reacting very Mild on the Negative News but more on the Positive News Front.
- For Intraday , all the Dips closer to 9100-9150 should be bought & wait for the Markets to reward you on the higher side.
- Nifty Might Trade between 9150-9400 today.
- Related to Equity Front , Pharma , FMCS & Consumer Durables will continue to Outperform.
- Financials & IT will continue to Underperform.
- 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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