- U.S Markets were up 1.4% Yesterday.
- Global Markets are touching fresh highs almost on daily basis.
- Asian Markets are Positive.
- SGX Nifty is Trading near 11500.
- Yesterday I mentioned that my view was Bearish but it went wrong.
- Nifty however took Resistance near 11500 but it's a matter of time till it breaks out.
- I have changed my view to Bullish during the day Yesterday.
- A Trader should know when to change views and not be stubborn to keep Trading based on the same old Practice.
- Bank Nifty is carrying Nifty & Building Strength in the Markets.
- FII's were Net Buyers Yesterday & DII's were Net Sellers.
- Everybody is wondering what's taking this market higher.
- Economy not doing well , Businesses not Performing well due to Lockdown.
- So why are Markets going higher.
- I have answered this in my Q&A Session done this weekend.
- Reason is Interest Rates which is leading to big Liquidity in Stock Markets.
- Bank Interest rates have been lowered.
- Fixed Deposit interest rates are less than 4% in India.
- In U.S there is Zero percent interest rate for Savings and Fixed Deposit.
- Gold is at life time high.
- Month of March heavy money went into Gold.
- Now there Profit Booking started and money is flowing into Equities.
- Retail Participants those who missed Nifty near 7500 a FOMO ( Fear of Missing Out) has been creaping in.
- So fresh money is also getting added into Markets.
- This seems like a Xerox Copy of the year 2017.
- In 2017 Midcaps and Smallcaps gave a return of more than 50%.
- Nifty return was 30% and a huge Euphoria was created.
- Then we Witnessed Bear Markets for 2-3 Years.
- We are exactly going through Bull Phase now and it will last longer than you think.
- Once 11500 breaks the target is 11600 on Nifty.
- Sometimes rather than Overthinking it's just better to go with the Market.
- Nifty might Trade between 11420 to 11580 today.
- 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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