- US markets closed higher.
- Dow Future's down 100 Points now.
- At highest point, Dow was up 1500 points at one point.
- SGX Nifty touched 12780.
- But now they have cooled off.
- This is a post Elections rally.
- Joe Biden winning favours U.S market due to which we witness such sharp rallies.
- Expecting some Consolidation now in the Markets.
- SGX Nifty is up 200 Points now.
- How long will this rally sustain?
- Can we touch to higher highs?
- Time will say.
- But i expect a Consolidation now for few weeks.
- Nifty is up 1000 Points in 6-7 trading sessions.
- This is a stellar rally.
- Trend is still up.
- But im not a buyer now.
- I won't chase these gap ups.
- Market is opening with Big gap ups now a days and consolidating for the rest of the day.
- This is happening from almost 2 Months now.
- Intraday traders are not getting another serious.
- Those who have the guts to carry overnight trades are making money if they are on the right side of the game.
- Call writers are getting trapped with such stellar unexpected rally.
- FII's continue to buy in big nukbers.
- Nifty might Trade between 12620-12800 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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