- US markets closed higher Yesterday.
- Trump has been discharged today so it's a positive.
- Asian markets are positive.
- SGX Nifty is up by 40 Points and Trading near 11570.
- Yesterday our Markets were very Bullish.
- IT Stocks contributed to entire Nifty rally.
- TCS on the verge of buy back Announcement was up 7.5% and Infy was up 3%.
- IT stocks have been clearly outperforming since last Month.
- FII's have turned buyers now and DII's sold Yesterday for the first time after many days.
- Expecting Markets to be Bullish to Sideways now.
- With IT Sector & Reliance taking over the Leadership it seems that downside is limited.
- Yesterday , surprisingly Banking stocks were also outperforming the Nifty.
- Interestingly VIX was up by 3% yesterday.
- Many people think that if VIX is high markets will fall.
- That's not true.
- VIX can go up even in a rising Market and also go up in a falling market.
- VIX going higher indicates a big move is on the cards.
- 11600 is a stiff resistance on NIFTY and it reversed from those zones Yesterday as well.
- Once this level is taken out we can retest last Month high of 11820.
- Nifty might Trade between 11460-11640.
- 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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