- US markets witnessed some Profit booking Yesterday.
- Fed Chairman Mr. Powell pointed out Yesterday that economy outlook in Uncertain.
- This is due to Corona Virus cases surging at its peak in U.S
- Vaccine news is not quite a big news.
- It has come to know that Vaccine requires Minus 70 Degrees temperature to be stored.
- Which is quite difficult in Indian Environment.
- Pfizer management also sold 2% stake after the Vaccine news.
- This gives a Negative hint to the Markets.
- One Strategy I'm applying is whenever there is Vaccine news & Markets are rallying.
- I'm selling the same.
- Vaccine with 100% tested results according to me isn't possible for at least 2 years from today.
- I've done a lot of research on this and it's strictly my view.
- Remember few months before, Moderna promoters also sold just after their announcement of Vaccine.
- So this news is just to make their respective share prices rise by making fool out of people.
- SGX Nifty is down by 80 Points.
- Markets are in a Consolidation phase and are likely to continue for this week expiry too.
- Yesterday also there was Consolidation but with high Volatility.
- Monday is holiday so we have 9 trading Sessions.
- Tomorrow we have muhurat trading session but it can be ignored as it's only for an hour.
- If any Big move has to come it will come in Monthly expiry week.
- This expiry week Markets are likely to consolidate in 200-300 Point range.
- I've started to book profits in my Long term Investment Portfolio in some companies.
- Will re enter at correction.
- Nifty might Trade between 12560-12740 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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