- 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
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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