- US markets closed Positive Yesterday.
- So Asian markets are Flat.
- SGX Nifty is down 10 points.
- Yesterday in second half we witnessed a heavy short covering in Bank Nifty.
- 22000 is the major support level for Bank Nifty and it bounced back exactly from that zone.
- Bank Nifty is highly Unperforming Nifty still.
- A 800-1000 Point recovery here cannot be ruled out.
- Day before Yesterday , IT stocks ruled the market.
- Yesterday Pharma and Reliance.
- Reliance is Unstoppable and will continue to hold Nifty.
- So being bearish on Nifty wouldn't work as the saviour Reliance won't let it drown.
- So currently I'm Bullish on the Market.
- Every dip will witness buying Opportunity.
- DII's were net sellers but FII's net buyers.
- Market are Likely to consolidate with Positive Bias.
- Bank Nifty should recover most of its losses.
- Nifty might Trade between 11420-11600 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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