- US markets fell as drastically as there was no meaningful agreement between S and China.
- I was on an important call and the Pre market has already opened.
- Asian markets opened lower but there was some recovery.
- Now Nifty is trading about 30, 40 points lower.
- Yesterday both FIIs and DIIs were net sellers.
- RBI policy may keep Bank Nifty volatile.
- RBI is likely to maintain staus quo with Dovish comments.
- But Bank Nifty is likely to fall despite that.
- HDFC Bank and HDFC both are falling for the last two days.
- Along with Reliance, dragging Nifty down.
- Brent Crude started falling again which is seen as Global Growth Slowdown.
- US bond yield showing the recession may come in 2019.
- Trade uncertainty, bond yeild all showing that 2019 is also not going to be a good year for stock market.
- For us also, Parliament election will be a key risk in 2019.
- Nifty future should take support at 10800.
- Resistance will be at 10920.
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Thank you for your detailed analysis
ReplyDeleteDear Sir
ReplyDeleteCan you please describe what is the source of your information gathering
Sir,
ReplyDeleteIs it better to have calendar spread (iIe selling for current week and buying same on next week with equalant premoup?
Sir, Please add me in Your Telegram channel.my contact number 8885001133.
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