- US markets were down around 3% Yesterday.
- Asian Markets are also Trading Negative.
- SGX Nifty is in Negative about 1.5%.
- Yesterday WTI Crude prices crashed to minus 37 dollars.
- Due to Excess Supply in Past Few Months & also due to no Demand the crude Crash came as a Shocker.
- This means if you buy one barrel of Crude oil, you do not have to pay instead you will be paid if taken Physical Delivery.
- Donald Trump has Tweeted this & World Markets continue to be under Pressure.
- Companies Dealing with Business outside India could likely be under Pressure today.
- IT Stocks , Automobiles could be under Pressure due to Trumps Tweet.
- ICICI Bank closed 5% lower Yesterday due to news that is has given about 750 Crores loan to an Oil Trading firm which has likely become an NPA.
- Bank Nifty closed Negative due to the same.
- Markets may continue to Consolidate and the Bias has shifted in favour of Bears.
- Due to the Latest Developments etc Markets are likely to be under pressure.
- Although Markets are Trading within a Range , the Volatility within the range seems to be Increasing.
- Infosys Delivered results Yesterday & the results were at par with Expectation.
- Nifty Range for today is 9000 to 9300.
- Once 9000 gets broken & Sustains then we might Witness 8800 in a couple of Trading Sessions.
- When there is news , analysis doesn't work.
- Markets react only to the News.
- Reports are our that SIP's are being stopped/ Withdrawn by 70%.
- This is Expected because SIP's are mostly done by Salaried Class people & when there is no salary from last Month how can people do SIP?
- This isnt shocking for me.
- There will be Volatile Swings in the Markets so trading near the Boundaries seems to be the best Trade for now.
- Corona Virus Fears continue to Mount and the Global Number of Positive has reached 25,00,000.
- Nifty failed for the third time Yesterday to cross 9350. This shows that its a strong Resistance Zone.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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