- US markets closed more than a percent lower Yesterday.
- Asian Markets are Flat.
- SGX Nifty is Trading Near Yesterday closing near 11850.
- The reason why SGX Nifty is flat despite a big fall in U.S Markets is Because Dow Futures are up by half a percent now.
- U.S Markets dont like Uncertainty , any market doesn't like Uncertainty.
- Due to Stimulus talks being halted theres a lot of Uncertainty going around.
- This is causing profit booking in Emerging Markets.
- HDFC Bank came out with its results Yesterday.
- But the stock reacted mutedly on its Numbers.
- All other private banks were up 4-5% Yesterday.
- HDFC Bank was up about just a percent.
- So Expecting Markets to Consolidate now.
- Next 3 days we may expect Consolidation between 11700 to 12000.
- If any of these levels gets taken out then there will be a big rally towards that side.
- Until then one should play for this range.
- The Trend is intact and strong.
- There May be hiccups in between but the Trend will continue to follow.
- Another thing which I've been observing from many days is VIX is slowly inching higher.
- VIX isnt falling and inching higher with each passing day.
- This shows that Volatility is going to rise in coming weeks and there might be big swings.
- Take those to your Advantage.
- Nifty might Trade between 11740-11920.
- 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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