Vacillating Markets

Vacillating Markets

Stock Market Today – 27th April 2020

Since the past few days, Open Interest is indicating Buy-Bias. Nifty has been trading in a range of 8900 to 9390. So looking at the trend, it is not possible to decisively mention it as a buy trend. Only if the markets break their set levels, one can reach an inference. Looking at the markets, investors should keep away from investing except for in Pharma, Gold Mutual Funds and Fixed Deposits.

Other than the above-mentioned sectors, one can also invest in Government Securities and Dynamic Bond Funds. Taking snippets from the historic crisis, it can be inferred that the markets might plunge further. But one can use it for their welfare instead, by investing in stocks with sales and EPS growth even in the cataclysm like this. One will be able to get those stocks at an undervalued price and in the long run, the stocks will give them maximum spring.

On the global front, S&P500 on Friday made a high of 2844 and closed at 2836. Hong Kong Index, Hang Seng opened at 24078 and made a high of 24336 and is presently moving close to its high of 24313. Japan Index, Nikkei opened at 19479 and made a high of 19758.




The US 10 Year T-Note is trading at 138.87. The Bond has crucial support at 117.42 made on 5th Nov 2018. The US Dollar Index is trading at 99.995.

Major Sector Performance as on 24th April 2020

Minor Sector Performance as on 24th April 2020

Large Cap Gainers and Losers as on 24th April 2020

Mid Cap Gainers and Losers as on 24th April 2020

Small-Cap Gainers and Losers as on 24th April 2020

Upcoming Results

DISCLAIMER:

There is no guarantee of profits or no exceptions from losses. The investment advice provided is solely the personal views of the research team. You are advised to rely on your judgment while investing/ Trading decisions. Past performance is not an indicator of future returns. Investment is subject to market risks. You should read and understand the Risk Disclosure Documents before trading/Investing.