- U.S Markets closed flat Yesterday.
- Asian Markets are also Flat.
- SGX Nifty at one Point was higher by 250 Points.
- Right now it's higher by 100 Points.
- TCS in spite of positing good results was down 5%.
- This is because these stocks have already rallied a lot.
- So now Profit booking takes place in these counters.
- Infosys came out with results Yesterday.
- But Infosys ADR is down by 6% in U.S Market.
- Meanwhile India continue to record highest Corona Virus cases.
- Maharashtra has anniunced a lockdown.
- SGX sometimes is a misleading Indicator as it tracks only the Global data.
- Local cues are being ignored in SGX Nifty and the real Position we get to know only after Market opening.
- If we open 100-150 points higher then I do not see risk reward favouring a buy.
- It is a good shorting Opportunity that can be done via this gap up.
- Expecting Markets to be Bearish / Neutral for this Expiry.
- Nifty might Trade between 14440 - 14680 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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