- US markets closed higher Yesterday.
- But After Market hours , it Witnessed a huge sell off.
- All major frontline stocks of Dow Jones like Twitter , Amazon etc are lower.
- It seems more of a relief rally that was witnessed Yesterday.
- Asian Markets are also Trading Positive.
- SGX Nifty is Trading around 11640.
- This Market keeps changing in the Blink of an eye.
- Reasons for such heavy Volatility are a lot.
- U.S Elections , Corona Virus 2nd wave , Stimulus delayed , European Countries are again resorting to nation wide lockdown.
- So the picture is highly Uncertain.
- Any type of rally or pull backs should be sold into heavily now.
- But US futures are lower now.
- India VIX is constantly raising.
- Which depicts heavy Volatility ahead.
- I don't expect markets to fall like it happened in the Month of March.
- I definitely expect a correction.
- 400-500 Points on Nifty.
- 1000-1200 Points on Bank Nifty seems on the cards now.
- Time in Uncertain , nobody can predict when will it happen.
- As Markets take their own time.
- October Month was highly Volatile.
- Expecting November to be much better than October.
- Nifty might Trade between 11540-11720 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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