- 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 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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