- US markets were closed yesterday.
- So nothing Major Macro Cues.
- Dow futures are Trading in Green now.
- Our Markets , in spite of many issues are consolidating.
- Consolidation is not a bad thing at this point of time.
- Infact it's considered Positive for the Bulls as of now.
- Yesterday Idea - Vodafone event was a non event.
- There was nothing Major except a name change.
- This is nothing to be considered as Strategic alliance.
- Bank Nifty is looking very weak.
- Any small Pullback in Bank Nifty is also getting sold into very Aggressively.
- FII's & DII's have also been selling very Aggressively.
- From last week their selling has been accentuated.
- The view as of now is Negative - Neutral.
- Traders should look to sell into any Pullbacks.
- Buying on dips should not work for now.
- Markets can remain Irrational for some time now but sooner or later they will come in line with economy.
- Nifty might Trade between 11200-11380 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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