- U.S Markets closed lower on Friday.
- Right now U.S Futures are almost flat.
- Asian Markets are majorly negative.
- SGX Nifty is Trading near 13740 now.
- There were some news flow over the weekend.
- Reliance has come up with a Unique Gas based system which can meet 15% of Asia's demand.
- This is a Postive news for Relaince & due to this Reliance might gap up today.
- U.S Stimulus has been agreed for $900 Billion.
- Fed has removed Buy back restrictions on Banking Stocks.
- U.K has noticed major new Cases for Corona Virus.
- This is a Negative news.
- We are in a Liquidity driven Market now and that is being provided by FII's
- This is a shortened trading week with Friday being Christmas holiday.
- Majorly expectation is big players won't be active in last week's of December.
- Consolidation is expected now with a slight postive bias.
- Whenever there is an Intraday dip , it is being Immediately bought into.
- Market closes at the highest point of the day by End of the day.
- This has been the trend since few Months.
- This might continue until the Budget as well.
- Tracking the Europe Markets is important today which opens at 1 PM IST.
- Currently European Futures are down more than a percent.
- Nifty might Trade between 13640 to 13820 today.
- stockmarketadvisory.in
- Question by Mrs. Shital.
- What is the most Important Quality for a Trader according to you?
- From the Moment we are born , we have been taught to be perfect in every way.
- In School we have taught to get 99% , 100% etc.
- So this Perfection Quality has been Embodied in our mind since the day we are born.
- If we do not achieve perfection we feel lost , hopeless and get a feeling that world wouldn't accept us.
- Trading is a no perfection game. This is a game of Probability and chances.
- If you want to perfect in your trading , calculate it on the basis on Discipline and Risk Management etc.
- Those who wanna make Profit on every trade will Blow up their Accounts.
- If you make losses it's okay as long as they are in your Control.
- Don't feel that you are a Failure etc. Controlled Systematic losses are a part of the game.
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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