- US markets closed Slightly Negative Yesterday.
- Down Futures are now down more than 150 Points.
- Asian Markets are all Negative
- SGX Nifty down 140 Points.
- Reason is U.S Fed take on the Markets.
- U.S Fed Minutes Triggered selling.
- U.S Fed presented a Cautious to negative stance on the Economy , which is triggering sell off.
- AGR case hearing at 2 pm today.
- These 2 events leading to sell off.
- As we are at intermediate highs it is making bigger.
- FII's were net Buyers Yesterday whereas DII's were net sellers.
- Apple becomes the first company to cross 2 Trillion $ market cap.
- Today looks to be a very Volatile Expiry.
- Many news flow coming and most of it are on Negative side.
- Usually a big move is there on Expiry days.
- And this time it would be Interesting to see where it comes by.
- View has become Negative for short term.
- Nifty might Trade between 11140-11340 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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