- US markets closed a percent higher on Friday and recovered a bit of loss.
- Asian Markets are mostly flat with a Negative Bias.
- SGX Nifty is down 85 Points and Trading near 9825.
- Thursday Evening U.S Markets fell 7%.
- Nifty opened at 9550 but closed at the highest point of the day.
- Fantastic recovery and rally by our Markets in Spite of huge gap down open.
- This Shows there is Strength in the Markets.
- There is no panic selling as we Witnessed in the Month of March.
- Reliance has bagged another Investing for it's Jio Venture.
- Reliance remains a Long Term Recommendation and a must have stock in your Portfolio.
- AGR Telecom Case was Scheduled the Previous Thursday but there wasnt any verdict given ie , 11th June 2020.
- The Case Verdict is now Postponed to 18th June 2020 and is an Important event for our Markets.
- After Witnessing Big Rallies on Friday I expect our Markets to go for Consolidation.
- The Range would be from 9700 to 10100 on Nifty.
- Nifty might Consolidate in this range for few days now.
- FII's were net Sellers on Friday but DII's were net Buyers.
- Yes Corona Virus are increasing daily.
- There is a concern but for every Negative news markets won't fall.
- Markets have already factored in all that thats why Nifty is now Trading near 10,000 or else it would have been near 13000 by now.
- Markets are following Global Cues now.
- Next Big Global Event would be U.S Elections.
- Market is on a buy on dip mode and Trade remains to Accumulate Long Positions on each major dip.
- Shorting the Market after a Good Gap down opening or Chasing the Market after a good upwards opening is not the right way.
- Look to buy into gap down openings & wait for Market to oblige.
- Nifty Might Trade between 9800 to 10000.
- 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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