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π Njoy , CE sellers did very well . same we focussed in the morning for your group members .
PSU banking will be butchered soon again ππ
Multiple bounces failed today , interesting to see if the low breaks , can we see mayhem like we saw last Expiry when this area was broken .
.to be watched
Yeilds rising across globe .
Inflation expected to remain high for next 1 year .
Rupee about to Cross 83 Mark
Crude oil remains at 85$
Elon musk sold his shares at 270-300 $ worth 25-30 bn usd.
Thats how promoter play game. Big funds already sold stake in some big indian banks like Kotak and Axis recently .
They know what's coming ..
Tesla + Amazon was equal to whole of indian market cap
China reopening will push inflation further as Local demand will hamper global supply from China .
Bond yield rises bcoz of that
I dont hav doubt we will break 16000 in next 3-4 months
Stocks at almost 5 Year old levels .
Wont be surprised to see IT sector collapse soon to break even 52 weeks low .
US is firing , Not hiring .
IT services depends all on those companies expenditure .
Indian punters will trap retailers who will not get their price for whole of 2023
Big tech stocks fell 4-6% yesterday , Tesla was down 10%. , Nvidia -7% , Google , Amazon down 2-3%
IT sector to see similar pressure due to high rates and recession fears
We pushed our markets due to US futures +220 points , which ultimately turned Red , Nasdaq fell 2.5% π from highs .
Our market hav been too lucky , luck doesnt favour forever
Wont be surprised if 18000 be tested again
Yesterday US markets again dipped 1-2% from levels when we closed .
Asian markets also down. 1-2%
At higher levels we may see profit booking
Selling from highs continues .
Profit booking if Increase , just remind yourself of markets till Friday ,
Log jaldi bhool jaate hain.
If todays bounce fails and we close at the low points of day , this will start new downside move in all indices which were sold brutally last week .
Nifty below 17970 , can go towards 17840-750-600.
Banknifty below 42300 , can towards 41800,500-40800 in 1-2 weeks .
China being Hardcore communist doesnt care much about life's , they care more of business .
But if this Covid Variant spreads in india it will create big problem as we want to save lives
Real situation in china
