- 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 on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in
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