- US markets closed Positive on Friday.
- Asian Markets are Trading Positive.
- SGX Nifty now near 11800.
- Stimulus talks have been set aside now by the U.S Govt.
- Trump seems to be waiting for the right time to announce the Stimulus.
- Just as Narendra Modi did surgical strike just before elections and made majority in his Favour.
- Trump seems to be making stimulus as his weapon for Elections.
- There will be heavy Volatility going forward.
- Many factors will contribute to the Volatility.
- Firstly the U.S Elections.
- Secondly Corona Virus second wave.
- Next the Corporate Results season has just begun.
- HDFC Bank is coming out with its results today.
- This will decide the Trajectory of Bank Nifty today.
- Bank Nifty has about 25% weightage in Nifty.
- So all together all factors seem that it's going to be another Volatile trading session today.
- After the results of all the IT stocks , all have witnessed severe profit booking as all the IT stocks have almost doubled in last 3 Months.
- Financial Stocks were a laggard in this rally.
- So if HDFC bank comes up with good results we can expect a big move on that front.
- Primary trend is Upwards.
- Intraday Volatility and dips will be there.
- It's a buy on dips market as of now.
- Nifty might trade between 11720-11880
- 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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