- As soon as News emerged that Donald Trump has Tested Positive for Corona.
- Markets all over the World fell by 1-2% except China Market. (UNDERSTAND CHRONOLOGY HERE)
- He has released a Video on his Twitter timeline stating next 48 hours are very critical for him and he is in a good condition now.
- So Asian markets are higher.
- SGX Nifty was below 11300 on Friday when Trump news has highlighted.
- But now SGX Nifty trading around 11400.
- Heavy news flow lined up for this week.
- U.S Stimulus.
- Trump Health.
- Interest on Interest case in Supreme Court.
- U.S Elections etc.
- Expecting Markets to remain highly Volatile in the midst of all this.
- FIIs have turned net buyers after selling for more than 20k crore in last 2 weeks which is a positive.
- As trump tested positive , today's FII data will be interested to notice , whether they remain buyers or turn sellers.
- Reliance retail is attracting more investments.
- Reliance has bagged another cheque from GIC (Govt Investment Corporation of Singapore) is investing about ₹ 5500 crores.
- Upside 11550-11600 is a big Resistance level.
- Whereas downside 11200 is a support.
- Expecting Markets to be Volatile within this range.
- If any of these levels broken Significantly then we can see big Moves in that direction.
- Nifty might Trade between 11320-11480.
- 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
Comments