- US markets were up 2% Yesterday & Majority of Asian markets are Positive.
- SGX Nifty is almost Trading a flat terrain now.
- On Wednesday we Witnessed selling in Bluechip Stocks like Kotak Bank , HDFC Bank etc. This seems to be a phased manner selling by ETF's.
- Nifty & Bank Nifty both ended Negative by 4% on Wednesday.
- World Bank has Approved 1 Billion $ Emergency Financing for India to Combat Covid 19.
- Crude prices are up by 25% as talks on talks between U.S & Saudi Arabia to cut the Production to 10 Million Barells.
- Honourable PM. Mr. Narendra Modi has announced to post a Small Video by 9 AM today of his Official Twitter handle.
- This might change Complexion of the Market today.
- FIIs and DIIs are turning to be net sellers almost on a daily basis now.
- VIX was down 6% on Wednesday which signifies that at least some buying has begun and Panic selling is stabilising.
- Expect India VIX is likely to trade below 50 by End of April.
- I expect the Lockdown to be Extended but it will be Extended in a phased manner.
- Whole India may not be locked down but Hot Spots like Delhi , Mumbai are likely to be locked down further.
- Cases of Corona Virus in India and all over the World are Tremendously Increasing day by day.
- Expect Markets to trade between 7500 & 9500 for this Expiry Series.
- Monday is a Holiday for the Stock Markets.
- This week too , Markets would operate only for 4 Trading days. Option buyers should take a note of this and Plan Accordingly.
- April Month is very Crutial for Stock Markets. If we protect 7500 on Nifty then we could witness a decent rally towards 10,000 on Nifty in coming time.
- Do not carry your Positions over the Weekend and also this is a 3 day Extended Weekend. So chances of Excessive news flow is very very high especially in Current Scenario.
- Crude Sensitives like HPCL , BPCL might be in focus today along with ₹ sensitive IT Stocks.
- Too much of news is present today and PM's Video message is also awaited so Traders should wait for Markets to Digest all these News and then trade in 2nd Half if Picture is clear.
- Broad Range for Nifty is 8000-8600.
- Expect Finance Stocks to continue to Underperform specially the NBFC Companies.
- U.S. Unemployment data is at record high which shows that we have already entered into Recession phase. As far as India is concerned it's likely to go much worse.
- Sell on Rallies Strategy should be applied today on Both the Indices ( For Intraday) if there is no Positive Incremental News from any Front. Traders should keep an Eye on Everything happening all over the World as it may immediately change Stock Market Perception.
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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