- US markets closed Lower after 7 days of Outperformance.
- This must be a Normal Profit booking as they hit Fresh all time highs Yesterday.
- Asian Markets are mostly lower.
- SGX Nifty is down 100+ Points.
- Previous Metals like Gold Silver were all down Yesterday.
- Gold was down 5% and silver was down 12%.
- It's Amazing how one Night can change total set up.
- But still I feel that Trends do not change in one day.
- Our trend is Bullish and every dip is buying Opportunity till the Trend bends.
- Markets have been Moving very Volatile between 11100 & 11400 and expiring near 11200.
- 11200 seems to be the mean for Markets now.
- Markets going everywhere but coming back to 11200.
- Yesterdays upmove was Majorly because of Bank Nifty & Reliance.
- Reliance reversed back from lower end of it's range of 2100.
- Markets recovered from there after touching to 11300 Yesterday.
- Markets will give these moves and keep bears active and Eventually trap them.
- So the best idea is to follow the Trend and build positions with the Trend.
- Going against the Trend way too early can make you Bankrupt.
- ITC also Supported the Markets Yesterday.
- IIP Data was better than Previous Months IIP Data.
- FIIs were net Buyers Yesterday and DII's were net sellers.
- No big change out there .
- Nifty might Trade between 11180-11340 today.
- Market will be highly Volatile today and generally wednesday is high Volatile day.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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