- US markets trading at fresh record highs with each passing day.
- Asian markets are slightly Bullish.
- SGX Nifty is Trading near 11620.
- This has been a Phenomenal rally by the Markets.
- Nobody expected markets to recover so quick , so fast.
- August Month has also been a great Month for Bull's.
- How long will this rally sustain? Can our Markets touch fresh record highs?
- The Answer is Yes , anything is Possible.
- The rally is so strong that Bears are being taken to cleaners.
- Expecting a Month of Consolidation for September.
- These are all Probabilities , not Certainties.
- Markets can do anything out of the box.
- August Month belonged to Bank Nifty.
- Bank Nifty was underperforming for last 2 Months.
- But in August Bank Nifty Single Handedly took Nifty higher.
- It is a Buy on dip Market.
- Just follow the Trend and make money.
- Do not do anything fancy.
- Reliance has entered into Consolidation phase.
- FiI's have been buying continuously whereas DII's have been selling.
- Nifty might trade between 11520-11680 today.
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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