- US markets closed slightly higher. MOSTLY FLAT ONLY.
- Asian Markets are all Flat.
- SGX Nifty is also Flat.
- Nifty has been Trading Violently between 11650 to 12000.
- We were not able to break and Sustain above 12k.
- U.S are playing with Stimulus now.
- There is no confirmed news just Rumours floating around.
- Meanwhile theres also a news floating around of 2nd stimulus from Indian Govt.
- Remember , last time market Crashed when Govt Announced Stimulus.
- Hope they don't come up with something similar or we may witness another crash.
- So lots of news coming up without confirmation.
- DII's have been selling Aggressively now.
- FII's have been buying but DII's selling figure is over powering the FII buying.
- Seeing all this we can expect Consolidation only.
- We need some trigger to cross 12k decisively.
- Right now I do not see any sector having leadership to make Nifty cross 12k.
- So Trade within this range.
- Range is 11650 to 12000.
- So buy near lower end of the range , sell near upper end of the Range.
- Nifty Might Trade between 11780-11980.
- 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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