Asian Markets are trading strong this morning.

Let’s explore the reason for surging Stocks on Asian Markets.

This is a catch up rally for Asian Markets Indices since US markets are hitting all time highs.
Good economical data has made investors to overlook the surging corona cases worldwide.
Slowly the world is again restricting economical activities to fight against corona cases, a risk for global equities.
Asian markets are trading with green biased this morning. (7:18 A.M)
SGX Nifty is in green note this morning. (7:18 A.M.)

Most of Asian markets are underperformers compared to developed markets like U.S. markets. This is one of the reason for rising Asian markets indices this morning. Basically this is a catch up rally and we believe this will continue in near future. Best trade is to remain a buyer and wait for any dip.
US markets are surging because of positive economical data, reopening economies and high liquidity due to lot of packages announced both by Governments & central banks.
Rising corona cases are the key risk for the present environment and markets can stall rise in case the cases keep on rising.

Dow Jones Industrial Average decreased by 396.85 points, or 1.51%, close at 25,890.18.
The S&P 500 fallen by 34.40 points, or 1.08%, ends at 3,145.32.
Nasdaq Composite Index decreased by 89.76 points, or 0.86%, close at 10,433.65.mix

Time of data collection: 7.06A.M

SGX Nifty is suggesting that Indian Markets will start at around 10750 level. Today strategy is “Buy Nifty Future” with a target of 10850 level and stop loss at 10650 .

Learn Technical Analysis: Click Here Author: Akhil Mahajan, M.D. Mutual Fund Advisory, www.mutualfundadvisory.co.in,