- US markets closed Negative Yesterday.
- Asian Markets are Trading Flat.
- Right now, as Presidential Candidates heated debate is going on, US futures are Trading higher.
- From Past 2 Months markets have been all over the place but the mean was near 11200 on Nifty.
- Bank Nifty was one of the major Volatile Indice.
- Now Markets will be closely keeping an eye on U.S Presidential Elections.
- This is likely to be the next biggest event for the Markets.
- FII's have sold more than 1000 crores Yesterday.
- DII's supported the Markets in October expiry beginning.
- But FII's now have been selling relentlessly.
- One has to be cautious now on the long side.
- Liquidity seems to be curbing in the Primary market due to many IPO's being launched.
- IPO's have been oversubscribing more than 50X each on average so majority funds are blocked there.
- India VIX is slowly inching higher.
- I will look to build short Positions near 11300-11350 on Nifty (Positional)
- Possibilities that Reliance may hold Nifty today.
- As they have some more Investments from General Atlantic.
- Just as I type Dow Futures down 1% after the Presidential debate after they were in Green.
- So get ready for a high Volatile session today.
- Nifty might Trade between 11120-11340 today.
- stockmarketsadvisory.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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