Yesterday Indian markets were weak. Nifty closed at 15863 which is -382 points. Yesterday bank nifty was also weak and closed at 32871 which is -1536 points.
Yesterday US market was negative. Dow was -797 points (-2.73%). IT index i.e. Nasdaq was also weak and closed -482 points (-3.62%).
Yesterday (Foreign institutional investors) FII were net Sellers and have sold 7482 crores in the cash market. On the other hand (Domestic institutional investors) DII were net Buyers and have bought 5331 crores in the cash market.
The reason is to worry in markets as the war between Russia and Ukraine gets worst. War is always the worst thing for markets. If this war continues further then there is a possibility of world war. Russia has carried out a drill of Nuclear weapons. Russia is still aggressive against Ukraine and they have asked the nuclear attacking team to be on high alert Russia can use this attack if the USA comes in between. If this happens it will get worst for markets as well.
Until and unless this problem gets solved traders should avoid trading in markets hence we have not given any support and resistance levels above. Investors should invest in every dip. Now if markets come near 15500 then an investor should invest 50% of their appetite.
The inflation will be on the highest levels if war continues as fuel prices and metal prices will rise as Russia is a major exporter of this. This inflation is a reason to worry for markets as interest rates can increase by FED and RBI.
Traders should protect their capital and should avoid trading in this kind of a market as this situation is once in a lifetime situation and hence should learn then try to earn.
The way Russia is aggressive and fighting unethically is a reason to worry. The way FII’s are selling is something insane and hence every investor should wait for dips in the market and invest for the long term. Traders should avoid trading and focus on capital protection. Traders should completely avoid it. It’s a humble request for all the traders reading this should avoid trading.
The above-given levels can come soon and long-term investors should invest as they will gain fantastic returns in the long run. These levels are very good to buy quality stocks. Investors should avoid penny stocks this time as these stocks will not run as they were running after covid.