- U.S Market closed 2% Negative Yesterday.
- Asian Markets are Mixed.
- SGX Nifty is now Trading Near 9400.
- The bigger Range of 9000 to 9500 seems intact even now.
- Yesterday, news was announced that our Honourable PM is going to address the Nation.
- More Details are attached via images below.
- Announcement of Economic STIMULUS is surely Positive but the Fears for Extension of Lockdown still continues.
- States have given total Responsibility by the Centre to handle the Lockdown issues.
- Yesterday IIP Data (Index of Industrial Production) was announced & it's minus 16.7% which is the lowest ever in the History.
- Inflation also was at its Peak.
- Many Countries have started reporting fresh cases of Corona Virus.
- There is an increased fear of second Wave of Corona Virus infections.
- China have reported several fresh new cases of Corona Virus.
- Both FII's and DII's were net sellers Yesterday.
- Meanwhile , Vedanta has announced Delisting of its Shares from the Exchange at a price of ₹87.5 per share.
- Nestle India posted Good results Yesterday and best Analyst Estimates on all front.
- If Nifty Crosses 9450-9500 levels then we might Witness 9800-9900 this Expiry itself.
- 9200 is now the Major support for Nifty.
- Not Advisable to chase this Gap up at the opening.
- Wait for some time after the Market opens and let Nifty cross 9450 desisively.
- Once this happens we will witness huge short covering and can explore long Positions.
- Expect Bank Nifty to Outperform today as high shorts are being built in Bank Nifty over past few days.
- Financial Sector might Outperform today so Equity Trading Opportunities can be Explored on that front.
- ICICI Bank ADR was up 10% Yesterday in U.S Market.
- HDFC Bank ADR was up 7% Yesterday in U.S Market.
- 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...
Comments