- US markets closed Lower Yesterday.
- A Normal profit booking after a Fantastic rally.
- Markets are Consolidating now.
- Asian Markets are all Trading lower.
- SGX Nifty is Trading near 11870.
- Down by about 50 points.
- 12000 as acting as a stiff resistance now.
- At least for a short term.
- Once this breaks then look to initiate longs.
- Until then look to build Positions towards down side.
- Wipro declared results today.
- But they were not as per Street Expectations.
- Stock has already Rallied and doubled in last 2 Months.
- Expecting some profit booking here.
- IT stocks have entered into profit booking mode.
- Corona Vaccine is not going to come at least for next 3-4 Months.
- Many Research Agencies have paused Trials after getting Negative Results.
- FII's have been buying continuously for last 10 days now.
- Whereas DII's are booking profits.
- Expecting a few weeks on Consolidation in the Markets.
- We have run up too fast.
- Nifty might Trade between 11780-11960 today.
- 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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