Hey guys!!
New trading week is starting from 26 may to 29 may as on Monday, market is close on occasion of Eid.
there's 8 big news, where market will react on it.
1. Coronavirus situation
* India saw a rapid rise in how coronavirus cases last week.
* The speed of new cases was fastest in Asia and with all modes of transportation
* allowed, chances are it is yet to hit the peak, which may scare investors.
* as of sunday morning, india had recorded 1.31 lakh patients of covid -19 out of which 3,867 has succumbed.
2. Q4 Earnings
*monday: HDFC and Aarti industries
* Tuesday: Deepak nitrate, Max financial and torrent pharma
* Wednesday: Dabur and sun pharma
* Thursday: lupin and TVS motor the next day.
* friday: Voltas and Equitad Holdings
* Saturday: Affle india and credit Access gramin.
3. Impact of RBI Announcements
* reduction in Repo& Reverse repo rate.... record low levels
* analysts fear the announcements will not be helpful on demand side.
* refusal for loan Restructuring.. RBI disallowed
* Extention of Loan moratorium period Till 31 August.
4. Weakness in Rupee
5. Strength in Crude
6. US- China tussie
* flashpoint of the Us- china tensions shifted to new chinese legislation about Hong Kong.
* origin of the coronavirus that has taken nearly 1,00,000 lives in the US.
* further trade disruptions, it could be affect the world economy.
7. Technical view of nifty
Pull back towards:9200- 9300 - 9500
Decline: 9000 - 8900 - 8800
8. F& O expiry on 28 may
Put writing is strong at 9,000 followed by 8,800 strike the call writers were active in 9,300 and 9,500 strikes.
This are 8 big news for coming trading week, market will react on this news/events. Stay connected, stay tuned.
"Let's create wealth together"
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