By Andrews Joseph
21ST NOVEMBER 2021
1.Nifty has made a top of 18,604 on 19th October 2021 and made intraday fall of more than 200 points on the same day, post that gradually made a correction of 4.67% around 840 points till 18th November. And ende at 17764 on 18th November
2. I have already updated on my telegram channel on 22nd October 2021 that we may see correction. Search the below link and join the telegram channel
https://t.me/AMFTraderz
3. The fall led by reliance and other banking sector., and a disastrous opening by largest opening by paytm which has fallen 25% on first and it is likely to be continued.
4.Midcap and small cap stocks has continued to decline .
5. World indices American markets such as S&P 500 , Nasdaq and Dow all were trading in ALL TIME HIGH after minor correction during the month of August September. Will see a trouble if their is any delay in debt ceiling issue.
6.Important local events to be watched for the coming trading session is Reliance deal with Saudi aramco and repeal of farm bill.
7. On the global important events will be US debt ceiling on 3rd december
8. Silver and Gold has risen sharply and started to give pull back which will be good opportunity to accumulate the same . On the other side crude oil started to decline.
9. Fii data suggest that they have almost pulled out 9990₹ crores during the month of November . Dollar index is getting stronger and may reach till 97.54.
10. On the whole the Indian markets are likely to consolidate as long holiday christmas season in US and important levels to be watched out 17,500 as support and if that level is broken we may see a further fall till 17000 and on the upside fresh buy will be initiated only if nifty kept a closing above 18600 on weekly basis. And keep your position sizing accordingly and trade with strict stop loss.
Learning curve:New traders and investors those who entered recently. Take investment as per your risk appetite and the pattern what you see will be a abnormal. Markets are irrational and much volatility expected ahead.
NOTE:
No body can predict the market and I'm not trying to predict the market because market will go on its own way. There is a saying "Expect the unexpected".
Comments are welcomed . Share this to those who can be benefited.
OBSERVATION:
Closing Market UPDATE on 19th November
Nasdaq American indices continuing its Dominance and ended on a positive note 16574. On technical front it has made a top. But where in Dow slipped more than 590 points in 2 days.
German index Dax maintaining strong position though it is slowest but making steady progress
Fed going to start tapering process in coming days as inflation is continue to surge.
As we can also a money shifting process from Emerging countries to Developed countries for time being
Quote for the day
"Life is like ridinga bicycle . To keep your balance you must keep moving." - ALBERT EINSTEIN
Thank you
Disclaimer: The above content is only for training and educational purpose. Views may differ from one person to other person. And some information may be incorrect and the Blogger is not responsible at any point. I dont recommend anyone to trade based on the above information. Trading and investment involves huge risk. Please consult your financial advisor.
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