- 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 lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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