- U.S Markets were more than a percent higher on Friday
- Asian Markets are lower now.
- Dow Futures are 0.5% lower now.
- SGX Nifty closed around 14500 on Friday night.
- But right now, it is trading around 14440.
- Mutant Corona Virus of UK has been causing a lot of issues to European Countries.
- London now has also imposed Emergency.
- TCS has already declared very good results.
- They have also come out with a Growth projection of double digits during next Financial year.
- IT stocks are the star of the pack now.
- Expectations are very high after TCS results.
- Corporate results season for this Quarter will decide the trend from here.
- Next Important factor after Corporate results will be the Union Budget.
- Today also RBI is likely to come out with its Interest Rates.
- Expect a Sta tus Quo policy or a lowering of interest rate.
- If anything apart from this then Market might react Negatively.
- This is also an Important event to watch on.
- Nifty was up 200 Points on Friday but Bank Nifty was hardly up 100 Points.
- HDFC bank is going to decalre results this Quarter.
- Maybe Markets are waiting for what comes out of the store.
- Nifty might Trade between 14320-14490 today.
- 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
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