- US markets closed a percent lower Yesterday.
- This was a Normal profit booking considering such heavy rally in November series.
- Pfizer announced that their Vaccine is 95% effective, earlier they said it is 90%.
- Pfizer and Moderna are competing so hard like Messi & Ronaldo in Football.
- Pfizer has claimed that they accuracy more than that of which Moderna was Claiming.
- Asian Market's are all witnessing profit booking.
- SGX Nifty is Down 100 Points and Trading near 12870.
- Today is weekly expiry so things might become Volatile.
- 12800 is a short term support on Nifty.
- If that gets violated then sell off will accentuate.
- Expecting today's Expiry to be sideways / choppy.
- Market will give you a feeling that it will break resistance but it won't.
- You will feel support will get taken out but it won't sustain.
- Expecting this to be the way ahead for today.
- India has not tested even 10% of the Population and has around 90L cases.
- Situation might worsen if Vaccine is delayed.
- In Bull Market every bad news gets ignored & that's what is happening now.
- Nifty might Trade between 12800-12960 today.
- Banks might continue outperform for November series.
- 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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