- U.S Markets closed mildly Positive on Friday
- Asian Markets are all Trading higher.
- SGX Nifty is around 11760.
- Indicating a gap up of about 80+ Points.
- Bank Nifty is the star of the show Currently.
- Bank Nifty was up 1000 Points on Friday and has clearly broken out from all its Resistances.
- Bank Nifty itself is taking Nifty higher.
- Weekend another major news was announced relating to Reliance - Future group deal.
- Expecting Reliance to Trade on a Positive momentum after this.
- Only last week RBI Governor said markets will correct.
- Markets are moving higher with more momentum after that.
- Today's talk of the town is Reliance buying Future Retail.
- Second big news is the extension of Moratorium by Banks.
- Moratorium extension is Negative for Banks and vice versa.
- PSU banks are looking so strong and on a serious Bull Market.
- Look for pockets which was not performed in the recent rally.
- These are where you can make money now.
- Buy the Dip and ride the Trend.
- Nifty might trade between 11660 to 11820 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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