- U.S Markets closed 3% lower Yesterday.
- Asian Markets are all in Red.
- Florida reported huge increase in Corona Virus Cases and also decrease in World Growth rate.
- SGX Nifty is trading below 10200.
- Yesterday Luckily I havent sold out options but was sitting at Big MTM loss.
- Covered some by selling Call Options.
- Today Markets opening at gap down so it will be a tough day to manage.
- Expecting our Markets not to Underperform in line with Global Markets.
- ICICI Bank is planning to raise 3 Billion Dollars.
- It was down 7% Yesterday because of this and dragged our Markets lower.
- Bank Nifty highly Underperformed Yesterday and the reason is ICICI Bank.
- Markets were highly Volatile Yesterday & fell 200 points in less than 2 hours.
- Today also Expecting Markets to be very Volatile.
- I dont expect Markets to be very Bearish like Yesterday.
- But nobody knows what's going to happen.
- If U.S futures support markets then we can expect major recovery.
- This Expiry is going to be very Interesting.
- Nifty May trade between 10100 to 10320.
- Bank Nifty is very Volatile and Range cannot be decided.
- Expecting Expiry to be between 10200 to 10400 for Nifty.
- I may be wrong as well so please consult your Financial Advisor and Trade on your own risk.
- 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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