- U.S Markets closed 3% Positive Yesterday.
- Asian Markets are also Mostly Positive.
- SGX Nifty is Trading near 9000.
- The Reason of this Global Market rally is because Moderna Inc. a Bio Technology company declared that its Vaccine has got positive results in Corona Virus testing for earlier Stages.
- Yesterday all the World Markets were positive but our Markets Crashed 3%.
- Bank Nifty was even worse and crashed 6.5%.
- The Bluest of Bluechip Stocks were taken to cleaners Yesterday with huge selling pressure.
- NBFC stocks Crashed by more than 15%.
- FII'S and DII's were net sellers Yesterday and have sold more ₹2500 Crores combined.
- Clearly the Markets havent liked the Economic STIMULUS Package announced by the Government.
- The reaction was ferocious and was Clearly visible Yesterday.
- There was huge Volatility Yesterday and Option Premiums were Trading at high Premiums.
- India VIX shot up 9% Yesterday.
- U.S VIX fell 10% Yesterday and is now below 30.
- Markets are likely to Consolidate today and Nifty might again enter the range of 9000 to 9500.
- Bank Nifty seems to be the Weakest of the Two Indices.
- 8780 is a Good Support for Nifty and it found Support near those levels Yesterday.
- If this level breaks then we might Witness 8650 very easily.
- If Markets go into the 9000-9500 range , spends time and consolidates then we might some short covering as well.
- Bajaj Finance is coming up with it's results today.
- Nifty might Trade between 8900 to 9070 today.
- 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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