- Yesterday it was a good weekly expiry. It was a stable expiry. There was a slight jittery in the last hour. I was able to make around 1lak profit.
- Now suddenly everyone has become negative from positive. Yesterday the US markets collapsed. Nasdaq lost 5% and Dow lost 3%.
- Apple fell 8%. Tesla fell 10%. These are the big stocks which were rallying non-stop. Now there was worry about the huge valuations which is there for the tech stocks in the US. Now there is a doubt whether they will perform or not.
- Today you have the US jobs data which is the most awaiting news.
- Vodafone is in talks with other PE players to raise funds. Today they have a board meet to sell some assets. I have made a video day before yesterday when price was 10. I published it yesterday and the price has already shot up 30%. Now I am repenting why I invested so less.
- Just before we thought that the bad was over and the volatility would end, it has started again. CBOE vix shot up 7%. There is no negative news. This looks like a pure profit booking. I believe that this fall should be used to enter. As we have rallied a lot, I would wait for few more days.
INTERNATIONAL MARKET
- US is badly hit. Nothing bad news which came. It was just profit booking and panic selling.
- European markets also fell but they did not fall like US.
- Its obvious that today the Asian markets will open in red. Most of them are down around 1-1.5%. SGX suggests a gapdown.
FII AND DII
- Surprisingly, both FII and DII have bought yesterday.
- FII were net flat and DII bought for 120cr
CRUDE AND $
- $ is at Rs 73.47
- Crude is trading at $43.45
There might be some fall. As long as 11300 is held, I think markets will pick up. I will probably use this opportunity to buy in.
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