- U.S Markets closed at all time high on Friday.
- Asian markets are Underperforming the Globe.
- SGX Nifty today Morning is down by 200 points.
- There were rumours that the Maharashtra will go for 15 days of complete lock down.
- India has recorded more than 1.5Lakhs of positive cases Yesterday.
- Many States have started to announce restrictions.
- Market is contemplating a severe 15 days of complete lockdown where cases are too high.
- Right now , there's no such official announcement made.
- Still Markets are in a Panic selling mode.
- Whether this dip will be bought or not only time will say.
- We have only 3 working days left for this Expiry as Wednesday is a Holiday.
- 14500 which is the previous week is a strong support.
- Today we also have many IT Companies announcing their results.
- IT companies coming up with Positive results will itself boost the sentiment of our Markets.
- On one hand U.S Markets keep hitting fresh all time highs and the local cues keep getting worse day by day.
- India is in a brutal second wave of Covid Cases but I think this is Temporary.
- We have a Vaccine now and in next 30-40 days if we are able to give 10 crore doses of Vaccine the cases will reduce drastically.
- The Markets are a buy on every dip and there's no reason to be bearish in the long term.
- It's just that sometimes these moves take out the weak longs and over leveraged bullish traders.
- Will be selling 14200 and 14300 PE of weekly expiry today after observing the price action and premiums.
- Nifty might Trade between 14620-14840 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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