Subah ho rahi hain......sooraj kiran dharti par aa rahe hain....Nifty 26 points sudhar gaya hain...
World markets as well as Indian markets reacted very violently in last 2-3 days and that has put all markets in a corner from where they can bounce back....Virous worries will do down ....and markets to recover...market prticipants reacted as if the world is coming to an end the next day...and that sentiment sets up a trap.
World markets as well as Indian markets reacted very violently in last 2-3 days and that has put all markets in a corner from where they can bounce back....Virous worries will do down ....and markets to recover...market prticipants reacted as if the world is coming to an end the next day...and that sentiment sets up a trap.
Real time update: https://thewuhanvirus.com/
The following is a video about Shanghai Port which is at the moment near zero activities because of the situation. This has an absolute impact on world economy, as this is the biggest port in the world and in China.
China's Ultimate Port - Biggest Construction on Earth | Mega Structure Natgeo
Yangshan Port (Chinese: 洋山港, p Yángshān Gǎng), formally the Yangshan Deep-Water Port (洋山深水港, p Yángshān Shēnshuǐ Gǎng), is a deep water port for container ships in Hangzhou Bay south of Shanghai. Connected to Shanghai's Pudong New Area by the Donghai Bridge and forming part of the Port of Shanghai, the islands of Greater and Lesser Yangshan are administered separately as part of Zhejiang's Shengsi County.
https://www.invidio.us/watch?v=SdzU9P2waaA
Even the following pictures does not show much progress in the markets. According to your "Pivot Point Future Trading", you any way would still be short at this time. It is an hourly chart, may not your preferd time frame seen in the past.
DP