- U.S Markets fell 3% Yesterday.
- Asian Markets are mostly trading Negative.
- SGX Nifty is Trading near 11280.
- Nasdaq has fallen more than 11% in last 3 Trading sessions.
- Nasdaq is Technology companies index in U.S
- Technology stocks are getting beaten up abroad.
- Tesla which became 5X since March is Underperforming.
- Let's come to our Markets now.
- India China border issues going on & Yesterday indian Border forces have issued some official Statement.
- Corona Virus Cases are continuing to peak up.
- Government is slowly opening up the Economy now.
- GDP Growth rate was -24% (Negative)
- Media won't show you this , later on when GDP comes in Positive Govt will come and take credit.
- The point is it is so low now & with Opening up of economy , the Growth rate is bound to increase.
- Banking stocks case is going on in Supreme court for interest waiver.
- This is keeping Bank Nifty under pressure.
- Bank NIFTY rallied in August End but now has given up most of the gains.
- Yesterday too markets were Trading in 80% of Trading session but last hour they fell apart.
- This Market is looking very weak & a correction seems overdue now.
- I will not buy in this Market.
- I will just look at rallies to sell more.
- Important is to follow the Trend to make big money.
- Nifty might Trade between 11180-11350.
- 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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