- U.S Markets were closed Yesterday.
- Other Markets which were open , closed Positive.
- SGX Nifty is trading 100 Points higher near 9130.
- On Friday , RBI Announced a Surprise Rate Cut out of Nowhere.
- Moratorium Period for Loans has been Increased from 3 Months to 6 Months.
- Banking stocks fell Sharply after this news broke out.
- It is a big setback on the Financial Sector because they have to pay interest on the deposits they have but cannot ask for interest on Loans.
- Financial Sector have 35% weightage in Nifty.
- There seems to be more pain for the Financial sector in the coming quarter which will indirectly impact Nifty.
- Financial Stocks should be avoided as of now as most of the Companies Stocks can crash by 70-80%.
- FII's & DII's were net Sellers on Friday.
- We are in a "Sell on Rallies" market currently & all the Gap ups should be sold into.
- HDFC ltd also came up with it's Quarterly Results and they were below par.
- The Range for Nifty is 8800 to 9200.
- Expect Markets to trade within this Range for couple of days more.
- If 9200 gets Crosses then we might Witness 9300.
- If 8800 gets taken out on the Downside then chances of 8600 open up.
- Trade for today is to sell on rallies closer to 9150-9200.
- Bank Nifty should be sold into closer to 18100-18300.
- Financial Stocks should be sold into on any Bounce being Witnessed.
- Pharma Sector is a Complete avoid.
- WHO ( World Health Organisation ) has banned the Trial of Hydroxychloroquine.
- Nifty might trade between 9000-9200.
- Only 3 day Expiry so do not carry options .
- Trade only Intraday as Tatha decay is much faster in a small Expiry.
- 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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