- US markets closed higher Yesterday.
- But After Market hours , it Witnessed a huge sell off.
- All major frontline stocks of Dow Jones like Twitter , Amazon etc are lower.
- It seems more of a relief rally that was witnessed Yesterday.
- Asian Markets are also Trading Positive.
- SGX Nifty is Trading around 11640.
- This Market keeps changing in the Blink of an eye.
- Reasons for such heavy Volatility are a lot.
- U.S Elections , Corona Virus 2nd wave , Stimulus delayed , European Countries are again resorting to nation wide lockdown.
- So the picture is highly Uncertain.
- Any type of rally or pull backs should be sold into heavily now.
- But US futures are lower now.
- India VIX is constantly raising.
- Which depicts heavy Volatility ahead.
- I don't expect markets to fall like it happened in the Month of March.
- I definitely expect a correction.
- 400-500 Points on Nifty.
- 1000-1200 Points on Bank Nifty seems on the cards now.
- Time in Uncertain , nobody can predict when will it happen.
- As Markets take their own time.
- October Month was highly Volatile.
- Expecting November to be much better than October.
- Nifty might Trade between 11540-11720 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...
Comments