- As soon as News emerged that Donald Trump has Tested Positive for Corona.
- Markets all over the World fell by 1-2% except China Market. (UNDERSTAND CHRONOLOGY HERE)
- He has released a Video on his Twitter timeline stating next 48 hours are very critical for him and he is in a good condition now.
- So Asian markets are higher.
- SGX Nifty was below 11300 on Friday when Trump news has highlighted.
- But now SGX Nifty trading around 11400.
- Heavy news flow lined up for this week.
- U.S Stimulus.
- Trump Health.
- Interest on Interest case in Supreme Court.
- U.S Elections etc.
- Expecting Markets to remain highly Volatile in the midst of all this.
- FIIs have turned net buyers after selling for more than 20k crore in last 2 weeks which is a positive.
- As trump tested positive , today's FII data will be interested to notice , whether they remain buyers or turn sellers.
- Reliance retail is attracting more investments.
- Reliance has bagged another cheque from GIC (Govt Investment Corporation of Singapore) is investing about ₹ 5500 crores.
- Upside 11550-11600 is a big Resistance level.
- Whereas downside 11200 is a support.
- Expecting Markets to be Volatile within this range.
- If any of these levels broken Significantly then we can see big Moves in that direction.
- Nifty might Trade between 11320-11480.
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Asian markets are higher. SGX nifty is up 150 points. Yesterday was a very tricky and unexpected session. As soon as Market opened there was a continuous selling. Market was falling left , right and center without taking any support. I was wondering why is the Market going against the global cues Then we got the news about RBI Governer press conference. So some informed people already knew about this rate hike. Hence there was a sudden selling in the markets. RBI hiked repo rate by 40 basis points and Cash Reverse ratio by 50 basis points. Repo rate is the rate at which banks borrow money from RBI. When the rate is increased banks borrow money at higher cost and in turn loans also get costlier. This slows down the growth and liquidity in the Market temporarily. Cash reserve ratio is the interest free deposit money which banks have to keep with RBI. RBI uses that money without having to pay any interest on it. Increasing CRR means RBI is
Comments