- US markets closed flat , the same has been going on from quite a long time now.
- Asian Markets are Mindly Positive.
- SGX Nifty is Trading around 11340.
- August upto now seems to be a Month for Consolidation.
- Markets have been Consolidating since last 2 weeks.
- Nifty has been Trading within 300 Point Range.
- With AGR news Postponed there is no major event for Markets.
- Nifty & Bank Nifty is Consolidating but Midcaps are Outperforming.
- Midcaps are in a Bull Market of their own.
- Investors should be very Careful here.
- As Good Quality Stocks are not Performing now from some time ,investors make the mistake of loading up the Portfolio with Junk Midcap Stocks.
- When Markets fall these stocks will fall rapidly while Quality Stocks won't fall much.
- So Investors should always stick to Quality stocks.
- Bank Nifty is showing some strength but all rallies are being sold into there.
- From few weeks Nifty is opening gap up and selling off during the day.
- This seems to be picture.
- FII's were net Buyers Yesterday and DII's were net sellers.
- Expecting this Consolidation to continue for today also.
- Nifty might Trade between 11280-11440 today.
- 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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