- U.S Markets fell 3% Yesterday.
- Asian Markets are mostly trading Negative.
- SGX Nifty is Trading near 11280.
- Nasdaq has fallen more than 11% in last 3 Trading sessions.
- Nasdaq is Technology companies index in U.S
- Technology stocks are getting beaten up abroad.
- Tesla which became 5X since March is Underperforming.
- Let's come to our Markets now.
- India China border issues going on & Yesterday indian Border forces have issued some official Statement.
- Corona Virus Cases are continuing to peak up.
- Government is slowly opening up the Economy now.
- GDP Growth rate was -24% (Negative)
- Media won't show you this , later on when GDP comes in Positive Govt will come and take credit.
- The point is it is so low now & with Opening up of economy , the Growth rate is bound to increase.
- Banking stocks case is going on in Supreme court for interest waiver.
- This is keeping Bank Nifty under pressure.
- Bank NIFTY rallied in August End but now has given up most of the gains.
- Yesterday too markets were Trading in 80% of Trading session but last hour they fell apart.
- This Market is looking very weak & a correction seems overdue now.
- I will not buy in this Market.
- I will just look at rallies to sell more.
- Important is to follow the Trend to make big money.
- Nifty might Trade between 11180-11350.
- 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
Comments