- U.S Markets closed 900 points lower on Friday.
- Right now Dow Futures and Asian markets are higher.
- SGX Nifty is up 80-90 points.
- Last Friday was the worst day of the year for all the asset class.
- All markets fell and it was a bloodbath.
- Equity Markets fell drastically , the pace of the fall was surprising.
- India VIX was up 25%.
- There was a panic in all markets and all over the World.
- Over the weekend there were many positive and negative news over omicron.
- I have a noticed one change in trading than I used to do before.
- After the popularity of Algo trades , the Volatility is rising exceedingly.
- Machines are much faster than humans.
- Just placing numbers in machines and then the pace towards down side rises at a rapid pace.
- So Stoploss is a must now.
- Never stand in front of machines trading.
- Frankly speaking , currently I don't have a view on Market.
- Market is solely news driven.
- The news coming related to Omicron and Vaccines will drive markets for a short term now.
- However I feel Market reaction on Friday was too much and the issue of Omicron is not such big.
- My only worry for December is FII selling.
- FII's are selling non stop as if there is a crisis going on.
- The pace and the numbers at which they are selling is blowing out of proportion.
- Friday was the start of December series and they have sold heavily in Cash Market , futures and Indices.
- This is a worrying data as far as Bulls are concerned.
- My shorter range is 17000 to 17250.
- One should not be bullish unless we close above 17450 on Nifty.
- Until then Nifty is a sell on rise.
- So advice for the day is do not get overconfident that a bottom has been made blah blah and don't panic that Nifty would crash from here.
- Trade levels , respect stoploss and if confused stay out.
- Nifty might Trade between 17000 to 17250 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country...
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