- US markets closed Flat on Friday.
- Today Asian markets are also Flat.
- Markets are in a Consolidation zone.
- They are waiting for some big Announcements like Stimulus , Elections , Corporate Results etc.
- SGX Nifty is also Flat.
- There are many Negative news floating around.
- RBI Governer Shaktikanta Das has been tested positive for Corona Virus.
- U.S Government stimulus deal has not happened.
- Corona Virus patients increasing in U.S , Emergency being declared in Spain as Second Wave starts to intensify.
- There is also News floating around that Kotak Bank is looking to acquire IndusInd Bank.
- This seems more of a rumour now.
- Kotak Bank should come up with a official confirmation soon.
- India might also witness second wave of Corona Virus by November End.
- Remember, Second Wave of Corona Virus is doubly Deadlier than First Wave.
- This week is very Important for the Markets.
- As majority of the Nifty companies are coming up with it's results.
- We will continue to trade in the range 11780-12000.
- If any of these levels breaks and we get closing above that , then we might witness follow through.
- So we are likely to trade on a sideways zone for a couple of sessions.
- Monthly expiry Market Generally gives a big move.
- One needs to wait for that and not get trapped while markets Consolidate.
- Nifty might Trade between 11780-12020 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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