- US markets closed Positive on Friday.
- Asian Markets are Trading Positive.
- SGX Nifty now near 11800.
- Stimulus talks have been set aside now by the U.S Govt.
- Trump seems to be waiting for the right time to announce the Stimulus.
- Just as Narendra Modi did surgical strike just before elections and made majority in his Favour.
- Trump seems to be making stimulus as his weapon for Elections.
- There will be heavy Volatility going forward.
- Many factors will contribute to the Volatility.
- Firstly the U.S Elections.
- Secondly Corona Virus second wave.
- Next the Corporate Results season has just begun.
- HDFC Bank is coming out with its results today.
- This will decide the Trajectory of Bank Nifty today.
- Bank Nifty has about 25% weightage in Nifty.
- So all together all factors seem that it's going to be another Volatile trading session today.
- After the results of all the IT stocks , all have witnessed severe profit booking as all the IT stocks have almost doubled in last 3 Months.
- Financial Stocks were a laggard in this rally.
- So if HDFC bank comes up with good results we can expect a big move on that front.
- Primary trend is Upwards.
- Intraday Volatility and dips will be there.
- It's a buy on dips market as of now.
- Nifty might trade between 11720-11880
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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