Mkts are in tailspin. Breaking 8% to 12% in a day
Now, we'll see all the asset classes falling together.. #Gold shall hit INR33,000 to 31,000/10 Gram, #CrudeOil US$15-12 per barrel.
That could be the time for bottoming of Global mkts
Levels: #NIFTY:6800-300
#SnP500 : 2000 - 1800
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Yesterday #Glenmark gained >40% (3800 Crore in MCap) for #fabiflu (an INR90 Cr opportunity). Does it make sense?
It's getting overheated in #Pharma sector and may remain so for a few weeks, but it's time to book out!!!
#IndoChinaFaceoff is getting intensified with China nd India both are fortifying their positions in Galwan.
In the midst of it, #NIFTY is surging; caution is advised. V can buy both Calls and Puts as wild move in any direction is likely as NIFTY is closing above 10200 (bullish)
#Zerodha has seen 300% increase in acc opened post covid crisis. Whose account these are retail investors <30 yrs age i.e. first timers novice.
Sign of froth building up, time to book profit!!! #NIFTY 10253 (11:32 AM, IST)
#NIFTY is near to its resistance @ 9861 (resistance 9889 hit on 30th Apr). Booking profit is advisable as #economy and earnings both are and will be on weak footing.
NIFTY EPS can also take a hit of -5% to -10% this year.
Speaking of Macros: the economic damage due to #Covid , risk of #tradewar with China and tussle on HK issue would be the explanatory factor for the fall, which could be larger than 4-5% modest figure I mentioned in my tweet yesterday
https://t.co/XoyOHth1x2
I reiterate my forecast of fall in US indexes (#DJIA etc) in the light of my Proprietary system #Stockrock being overbought at precisely 100% (the highest possible).
Any rise you may see today/tomorrow (Thu/Fri) will be short-lived
https://t.co/zGC3GOROgN
I reiterate my forecast of fall in US indexes (#DJIA etc) in the light of my Proprietary system #Stockrock being overbought at precisely 100% (the highest possible).
Any rise you may see today/tomorrow (Thu/Fri) will be short-lived
https://t.co/zGC3GOROgN
#SnP500 , #DJIA are in for a fall of ~4-5% in next few weeks. Get ready for bit of a tumble
Current SnP 2983.5 @ 3:42 PM GMT
Current DJIA 25119 @ 3:42 PM GMT
#SnP500 , #DJIA are in for a fall of ~4-5% in next few weeks. Get ready for bit of a tumble
Current SnP 2983.5 @ 3:42 PM GMT
Current DJIA 25119 @ 3:42 PM GMT
#crudeoil is a buy (for long-term strictly, with view one year ahead) @ 1300 INR and USD17.19/bbl with target of USD30/bbl and higher in 6-12 months.
In short-term it can make you sweat, buy a contract of late maturity (like JUne/July/Aug) to avoid negative prices.
#RajivBajaj of #BajajAuto states that herd immunity is the answer to Covid not lockdown.
Sir, do you even understand how many people must be infected before we reach anywhere near herd immunity for #COVIDー19 ; it'd be 70% (with R0 of 3 for the disease)
https://t.co/chHweyZdfw