- 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 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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