- US markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty made a low of 14050 Yesterday.
- Now it's trading around 14180.
- Though SGX might look in Green it's still 100 Points below Tuesdays closing level.
- 14200 has acted as a good support area many times.
- Tuesday as well Markets fell drastically but couldn't break 14200.
- Today we might get an opening below that level.
- If we get an opening below 14200 and we start to sustain below it for some part of a time then next level would be 14000 as a support.
- 14200 is the 2 Months low on Nifty , breaking this level would mean extreme bearish ness in the short term.
- More and more Negative news has been coming in from the Corona front.
- Today cases are 3.15L , Net Covid positive patients everyday for India is 1.25L ( After Recoveries).
- The situation is going to worsen in coming days.
- Yes we have a Vaccine but our Country is so huge that it would take loads of time to get Vaccinated for all.
- Until that happens , majority damage would've already been done.
- PM stated that at any cost lockdown should be avoided and India shouldn't go into Lockdown.
- Seeing the facts based on Today's situation I feel we may have another complete lockdown as we had an year before.
- Such Scary is the ground reality.
- The trend is bearish now but you need to find correct levels for entry.
- Short the Market near resistances.
- It's going to highly Volatile in the Upcoming days.
- 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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