- There is absolute panic everywhere.
- Bank Nifty fell more than 10%, Nifty fell close to 10% Yesterday
- US markets also fell 10% & hit lower Circuit Yesterday.
- Brazil fell 15% as their President tests positive for Corona Virus.
- Most Asian markets are down by 8 to 10%.
- SGX Nifty was also down close to 10% but now recovered a bit from lows.
- Yesterday and today market phase is clearly "Capitulation" period & no effort by Govts or Central Banks is helping.
- Yesterday Europe fell just after ECB announcements.
- SGX Nifty fell just after RBI announcement of liquidity measures.
- Corona Virus headline news is getting worst, Canada's PM's wife and many other top people have been infected.
- No technical, No fundamental, nothing is working in this market currently.
- I think this is a great Opportunity to buy and one should deploy at least 40-50% cash at current levels.
- Do not worry where the Nifty or Sensex goes. Even if it goes down by 10% from current levels Quality companies Stock Prices would continue to rise. Remember you are Investing in Companies & not in Markets. You are Investing in Business and not in Stock Prices.
- Expect another volatile day today everyday is turning out to be more ridiculous than the other.
- S&P 500 VIX hit a high of 76, 2008 peak was 81. So we are almost at the highest stage of panic right now.
- So logically, markets should stabilise somewhere here.
- Advice for Traders is to Trade in small Volumes and not to perform any Adventures.
- There have been many such Virus in the past & when you look back at History they all have been great buying Opportunities for an Investor. (Swine Flu , Ebola etc)
- Avoid listening to Media , their job is to sell their News & the only way they can Sell it is by Creating Panic. Be Rational, avoid listening to known news because it will just cause more panic in your Mind.
- A Few Months from now nobody would be speaking about Corona Virus , Remember this is just an Event. Temporary event with a Temporary Impact. There is nothing Parmanent about this.
- No levels today for any of Indices. When there is daily Movement of 800-1000 points on Indices there are no levels to look for & the same doesn't work
- This too Shall Pass:)
- .stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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