NIFTY update for Feb 2020 Expiry
Nifty falls more than 200 pts today as
Coronavirus cases jump in South Korea, Italy and Iran
China braces for big hit to economy from virus, says Xi
Four Chinese provinces lower emergency response
"While some parts of China are seeing improving statistics with the coronavirus, financial markets will remain on edge until we start seeing the situation improve in Iran, Italy, South Korea and Japan."
South Korea's fourth-largest city, Daegu, grew increasingly isolated as the number of infections there rose rapidly, with some airlines suspending flights to the city until March 9 and March 28 respectively. The country reported its seventh death after raising its infectious disease alert to its highest level. Paris, French Health Minister Olivier Veran said he would talk with European counterparts soon on how best to tackle a possible epidemic, after Italy reported a third death from the flu-like virus and 150 infections, versus just three before Friday.
Iran said it had confirmed 43 cases and eight deaths, with most of the infections in the Shi'ite Muslim holy city of Qom. Afghanistan, Iraq, Kuwait, Saudi Arabia and Turkey imposed travel and immigration curbs on the Islamic Republic. should not underestimate the economic disruption as a super spreader could trigger a massive drop in business activity around the globe of proportions the world has never dealt with before," Stephen Innes, chief market strategist at AxiCorp, said in a note on Monday
We are expecting GAP DOWN on 25.2.20 as global situation is worst and SGX trading at low / Dow falls more than 750 pts and Dax loosing more than 540 pts down
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Nifty falls more than 200 pts today as
Coronavirus cases jump in South Korea, Italy and Iran
China braces for big hit to economy from virus, says Xi
Four Chinese provinces lower emergency response
"While some parts of China are seeing improving statistics with the coronavirus, financial markets will remain on edge until we start seeing the situation improve in Iran, Italy, South Korea and Japan."
South Korea's fourth-largest city, Daegu, grew increasingly isolated as the number of infections there rose rapidly, with some airlines suspending flights to the city until March 9 and March 28 respectively. The country reported its seventh death after raising its infectious disease alert to its highest level. Paris, French Health Minister Olivier Veran said he would talk with European counterparts soon on how best to tackle a possible epidemic, after Italy reported a third death from the flu-like virus and 150 infections, versus just three before Friday.
Iran said it had confirmed 43 cases and eight deaths, with most of the infections in the Shi'ite Muslim holy city of Qom. Afghanistan, Iraq, Kuwait, Saudi Arabia and Turkey imposed travel and immigration curbs on the Islamic Republic. should not underestimate the economic disruption as a super spreader could trigger a massive drop in business activity around the globe of proportions the world has never dealt with before," Stephen Innes, chief market strategist at AxiCorp, said in a note on Monday
We are expecting GAP DOWN on 25.2.20 as global situation is worst and SGX trading at low / Dow falls more than 750 pts and Dax loosing more than 540 pts down
Please click the pic to enlarge for complete views on TECHNICALS