- U.S Markets were up 1.4% Yesterday.
- Global Markets are touching fresh highs almost on daily basis.
- Asian Markets are Positive.
- SGX Nifty is Trading near 11500.
- Yesterday I mentioned that my view was Bearish but it went wrong.
- Nifty however took Resistance near 11500 but it's a matter of time till it breaks out.
- I have changed my view to Bullish during the day Yesterday.
- A Trader should know when to change views and not be stubborn to keep Trading based on the same old Practice.
- Bank Nifty is carrying Nifty & Building Strength in the Markets.
- FII's were Net Buyers Yesterday & DII's were Net Sellers.
- Everybody is wondering what's taking this market higher.
- Economy not doing well , Businesses not Performing well due to Lockdown.
- So why are Markets going higher.
- I have answered this in my Q&A Session done this weekend.
- Reason is Interest Rates which is leading to big Liquidity in Stock Markets.
- Bank Interest rates have been lowered.
- Fixed Deposit interest rates are less than 4% in India.
- In U.S there is Zero percent interest rate for Savings and Fixed Deposit.
- Gold is at life time high.
- Month of March heavy money went into Gold.
- Now there Profit Booking started and money is flowing into Equities.
- Retail Participants those who missed Nifty near 7500 a FOMO ( Fear of Missing Out) has been creaping in.
- So fresh money is also getting added into Markets.
- This seems like a Xerox Copy of the year 2017.
- In 2017 Midcaps and Smallcaps gave a return of more than 50%.
- Nifty return was 30% and a huge Euphoria was created.
- Then we Witnessed Bear Markets for 2-3 Years.
- We are exactly going through Bull Phase now and it will last longer than you think.
- Once 11500 breaks the target is 11600 on Nifty.
- Sometimes rather than Overthinking it's just better to go with the Market.
- Nifty might Trade between 11420 to 11580 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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