- US markets witnessed some Profit booking Yesterday.
- Fed Chairman Mr. Powell pointed out Yesterday that economy outlook in Uncertain.
- This is due to Corona Virus cases surging at its peak in U.S
- Vaccine news is not quite a big news.
- It has come to know that Vaccine requires Minus 70 Degrees temperature to be stored.
- Which is quite difficult in Indian Environment.
- Pfizer management also sold 2% stake after the Vaccine news.
- This gives a Negative hint to the Markets.
- One Strategy I'm applying is whenever there is Vaccine news & Markets are rallying.
- I'm selling the same.
- Vaccine with 100% tested results according to me isn't possible for at least 2 years from today.
- I've done a lot of research on this and it's strictly my view.
- Remember few months before, Moderna promoters also sold just after their announcement of Vaccine.
- So this news is just to make their respective share prices rise by making fool out of people.
- SGX Nifty is down by 80 Points.
- Markets are in a Consolidation phase and are likely to continue for this week expiry too.
- Yesterday also there was Consolidation but with high Volatility.
- Monday is holiday so we have 9 trading Sessions.
- Tomorrow we have muhurat trading session but it can be ignored as it's only for an hour.
- If any Big move has to come it will come in Monthly expiry week.
- This expiry week Markets are likely to consolidate in 200-300 Point range.
- I've started to book profits in my Long term Investment Portfolio in some companies.
- Will re enter at correction.
- Nifty might Trade between 12560-12740 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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