- U.S Markets closed lower Yesterday.
- At one Point of time Dow Jones was down 900 Points.
- SGX Nifty hit a low near 15600.
- Right now U.S Futures are higher and SGX Nifty is now near 15730.
- Severe selling going on in World Markets.
- This is Majorly due to Covid fear.
- U.S has been reportedly presenting increased numbers for Covid and also Europe.
- Most of the Vaccinated Population country facing covid issues again is a sign of worry.
- Due to this reason world Markets start to fall.
- Plus our Election season upto now hasn't been that Great.
- Mainly the results of HDFC Bank.
- HDFC Bank profit increase of 16% looks good at first glance.
- When one analyses deep the increase in NPA numbers were shocking.
- Plus the impact on revenue due to stoppage of credit cards by RBI is taking a hit.
- Clearly the Bank is missing "Aditya Puri" their EX - Head.
- HDFC Banks weak numbers inititated fear and panic selling.
- This also leads to Expectations that other Bank numbers wouldn't be that Great.
- I do not feel Global Markets would fall much due to Covid.
- We have a Vaccine now and in 2-3 Months nearly whole Country is going to be Vaccinated.
- Secondly the Banking problem is a point to consider.
- When India's largest money lender faces NPA issues the ground level doesn't look much good.
- SBI just last Quarter reported 4 years low NPA numbers.
- HDFC Bank reported high NPA numbers.
- Is this Market share going from Private to State will be known in due course.
- You all know I predominantly trade in Bank Nifty and HDFC Bank is like the boss of bank Nifty.
- Yesterday's 1/3rd fall was contributed by it.
- We have holiday tomorrow so there's only 2 days left for expiry.
- Premiums were very high Yesterday and Opportunities like these should be focused.
- Nifty might Trade between 15640 to 15840 today.
- stockmarketsdvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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