- 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 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
Comments