- US markets closed around a Percent higher Yesterday.
- Asian Markets are all Trading higher.
- SGX Nifty hit a high of 12930 Yesterday but now trading near 12880.
- Moderna announced that their vaccine is effective 94.5%.
- There is a race going on between Moderna & Pfizer for the Vaccine.
- Pfizer's Vaccine was 90% effective and required to be stored in Negative 70 Degrees Temperature.
- Moderna Vaccine as per reports doesn't require such Temperature.
- How Accurate are the Claims that is the Most Important Question now.
- Only Time Will say.
- I have been expecting a Consolidation after a 1100 Point rally in Nifty but Markets are not stopping their upmove.
- 13000 is the Resistance but the rally which is going on in the Markets no Resistance seems to be working.
- If Market goes up too fast the fall will be too severe too whenever it comes.
- So a small Consolidation / Correction would make it much stronger for Bulls.
- We are currently in a Global rally.
- Indian Markets are also Contributing to the same.
- FII's continue to buy.
- As per data 80% retail is still short on the Market.
- This short covering might itself lead up to a large rally.
- As per price action there is no need to be Bearish now.
- If Second Wave of Corona Virus haunts India , then also there won't be a Nation wide lockdown
- The lockdown even if bought would be restricted to some states only.
- U.S Government also announced that there won't be any Nation Wide lockdown.
- Lockdown if needed would be restricted to some states only.
- Reliance has acquired Urban ladder but that's a very Small Acquisition of less than 2000 crores which is very small from Reliance point of view.
- VIX has once again come below 20.
- Premiums not too exciting for Monthly Expiry if you are an option seller.
- Nifty might Trade between 12820-12980 today.
- 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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