- US markets closed Mixed on Friday.
- But Asian are Trading Positive.
- SGX Nifty is up 50 points and trading near 11500.
- SEBI Regulations have forced Mutual Funds to allocate Sufficient Percentages equally to Midcaps and Small Caps stocks.
- Large Cap funds need to funds 25% in Mid and Small Caps.
- The time given to shift according to this method is by 1st January 2021.
- Will there be a sell off in large cap stocks due to this Regulation?
- Today we need to watch out the same.
- FIIs continue to buy in Cash Market.
- DIIs continue to sell.
- They have sold for more than Rs 700 crores.
- This Market is trading nowhere since last Month.
- Going up , going down but coming back to its mean level of 11500.
- But Markets have been Very Volatile within this period.
- The next big event for the Market is U.S Presidential Election.
- It's impact will be started to seen within a Month.
- Guess that Markets are waiting for clarity to unfold.
- Reliance won't let Nifty fall a lot.
- So Nifty trend is Bullish.
- Bank Nifty on the other hand is Struggling but anything is possible in Bank Nifty.
- It can turn around in Minutes.
- Market will give proper levels for both buyers and sellers to Trade into.
- Just pick one side of the trade and go with it.
- Nifty might Trade between 11380-11560 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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