- U.S Markets closed lower Yesterday.
- At one Point of time Dow Jones was down 900 Points.
- SGX Nifty hit a low near 15600.
- Right now U.S Futures are higher and SGX Nifty is now near 15730.
- Severe selling going on in World Markets.
- This is Majorly due to Covid fear.
- U.S has been reportedly presenting increased numbers for Covid and also Europe.
- Most of the Vaccinated Population country facing covid issues again is a sign of worry.
- Due to this reason world Markets start to fall.
- Plus our Election season upto now hasn't been that Great.
- Mainly the results of HDFC Bank.
- HDFC Bank profit increase of 16% looks good at first glance.
- When one analyses deep the increase in NPA numbers were shocking.
- Plus the impact on revenue due to stoppage of credit cards by RBI is taking a hit.
- Clearly the Bank is missing "Aditya Puri" their EX - Head.
- HDFC Banks weak numbers inititated fear and panic selling.
- This also leads to Expectations that other Bank numbers wouldn't be that Great.
- I do not feel Global Markets would fall much due to Covid.
- We have a Vaccine now and in 2-3 Months nearly whole Country is going to be Vaccinated.
- Secondly the Banking problem is a point to consider.
- When India's largest money lender faces NPA issues the ground level doesn't look much good.
- SBI just last Quarter reported 4 years low NPA numbers.
- HDFC Bank reported high NPA numbers.
- Is this Market share going from Private to State will be known in due course.
- You all know I predominantly trade in Bank Nifty and HDFC Bank is like the boss of bank Nifty.
- Yesterday's 1/3rd fall was contributed by it.
- We have holiday tomorrow so there's only 2 days left for expiry.
- Premiums were very high Yesterday and Opportunities like these should be focused.
- Nifty might Trade between 15640 to 15840 today.
- stockmarketsdvisory.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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