- U.S Markets were down 2% in the First Half of Yesterdays Session but closed 1% higher.
- Asian Markets are Mixed.
- SGX Nifty is Trading near 9130.
- So far in May Series Nifty has been trading in a broad Range of 9000-9500.
- Within this Range Nifty is very Volatile.
- While Everybody was Optimistic about the 20 lakh crore ECONOMIC PACKAGE.
- For me it's a mere Eyewash.
- Markets has given all the Gains due to Economic Package sentiment and are now Trading even lower than their previous levels.
- WHO ( World Health Organisation) announced Yesterday that Corona Virus is here to stay for life.
- General Fact : EBOLA was the Virus for which the Vaccine had been developed the Fastest in the History of the World.
- The Vaccine took a record low timeframe of 4 Years to be developed and Implemented.
- Corona Virus Vaccine to be developed in 1-2 Years seems highly Unlikely.
- FII's have been Net Sellers Yesterday and have sold more than 2000 Crores.
- DII's were Net Buyers and bought around 800 Crores.
- DIIs bought for Rs 802 crores.
- Nifty Expired almost at the same level of 7th May with Big Volatile moves in between.
- India VIX continues to fall despite such Volatility.
- Yesterday During Market hours News was announced that Railways all refunding all the Tickets booked upto June 30 for all Passenger Trains.
- This might be a sign of extension of Lockdown.
- IT Sector fell more than 3% Yesterday , Reliance silently has fallen 10% for this Week.
- Leadership from any of the Sector seems lacking for Nifty.
- Bank Nifty continues to Underperform.
- Nifty might trade between 9000-9200 today.
- As long as Nifty Trades between 9000-9500 we are in a Rangebound area.
- Once 9000 is Breached and Sustained we can expect a fall of 100 points and next support is near 8900.
- PSU banks remain weak and can be good selling Opportunities for today.
- 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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