- US markets closed lower on Friday.
- Asian Markets have recovered from their lows.
- Dow Futures is positive now.
- SGX Nifty is trading around 11670.
- Corona Virus 2nd wave is scaring the stock Markets.
- All European Countries have been resorted into Nation wide lockdowns.
- India is currently handling the situation well as per numbers reported.
- But the day is not far when we see 2nd Wave of Corona virus in our country.
- All the Countries when the Cases were reducing became complecant and reduced restrictions.
- Then witnessed huge spike in Corona virus cases.
- I think India is on that terrain now.
- I hope I'm wrong & India doesn't get 2nd wave of Corona Virus.
- Over the weekend, England announced lockdown.
- U.S Reported the highest single day cases since the pandemic.
- They also have Elections coming up.
- It's fair to way , Trump Administration couldn't handle the pandemic well.
- This might impact him highly during elections.
- Global Markets are negative and we have negative global cues.
- Local Positive cues doesn't seem to be on the cards .
- Citing the Uncertainty , Markets are into an Consolidation mode.
- Consolidation in such heavy Uncertainty is actually good for Bulls.
- Expecting high Volatility moving ahead.
- Friday itself Nifty well around 250 points from day high but almost recovered fully by EOD.
- I'm not interested to buy now , I will be exploring postions towards short side on every rise till 12k.
- Markets won't fall in one straight line as happened in May.
- It would be slow and steady process and patient traders will win this battle.
- Impatient traders who take any position at any level with suffer.
- Nifty might Trade between 11540-11760 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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