- U.S Markets were closed Yesterday.
- Other Markets which were open , closed Positive.
- SGX Nifty is trading 100 Points higher near 9130.
- On Friday , RBI Announced a Surprise Rate Cut out of Nowhere.
- Moratorium Period for Loans has been Increased from 3 Months to 6 Months.
- Banking stocks fell Sharply after this news broke out.
- It is a big setback on the Financial Sector because they have to pay interest on the deposits they have but cannot ask for interest on Loans.
- Financial Sector have 35% weightage in Nifty.
- There seems to be more pain for the Financial sector in the coming quarter which will indirectly impact Nifty.
- Financial Stocks should be avoided as of now as most of the Companies Stocks can crash by 70-80%.
- FII's & DII's were net Sellers on Friday.
- We are in a "Sell on Rallies" market currently & all the Gap ups should be sold into.
- HDFC ltd also came up with it's Quarterly Results and they were below par.
- The Range for Nifty is 8800 to 9200.
- Expect Markets to trade within this Range for couple of days more.
- If 9200 gets Crosses then we might Witness 9300.
- If 8800 gets taken out on the Downside then chances of 8600 open up.
- Trade for today is to sell on rallies closer to 9150-9200.
- Bank Nifty should be sold into closer to 18100-18300.
- Financial Stocks should be sold into on any Bounce being Witnessed.
- Pharma Sector is a Complete avoid.
- WHO ( World Health Organisation ) has banned the Trial of Hydroxychloroquine.
- Nifty might trade between 9000-9200.
- Only 3 day Expiry so do not carry options .
- Trade only Intraday as Tatha decay is much faster in a small Expiry.
- 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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