- US markets ended Flat Yesterday.
- Asian Markets are Trading Negative.
- SGX Nifty is Trading near 11510 & down by 100 Points.
- Just a Month to go for the U.S Presidential Election.
- This will be a major event for the Markets and will decide the Future course of Action.
- Currently we are Consolidating with a positive bias.
- U.S Fed made an Important Announcement Yesterday that there would be low interest rates for next 3 Years.
- This is a positive thing for Equity markets as low interest rates increase Liquidity in the Markets and fusion additional cash.
- IT Stocks and Reliance are Trading at fresh all time highs.
- Pulling up Nifty higher.
- Bank Nifty is still very very weak.
- Was up only 0.5% Yesterday while Nifty was up more than a Percent.
- Clearly Money is not chasing the Financial Stocks as of now.
- Markets can continue to be Irrational more than what you can imagine.
- Today is weekly expiry so Expecting some Volatility going ahead.
- Bank Nifty in itself will be highly Volatile today.
- I do not think Markets will make any Big Moves today.
- But sudden big Moves will chop you on both sides.
- Option writers should play the range.
- Nifty might Trade between 11480-11600.
- 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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