- US markets closed about 2% higher Yesterday.
- Asian markets are also Trading higher.
- SGX Nifty is almost flat.
- Markets have witnessed a fantastic rally in past few sessions.
- Now we are very close to all time highs.
- Nifty is just 2% away from all time highs whereas Bank Nifty around 20-22%.
- No matter whatever happening in U.S our Markets are rallying.
- It seems like we have decided not to go lower.
- Once there is a clarity and a possible announcement of Stimulus, we have every chance of hitting all time high in this series.
- Yesterday India VIX crashed about 9%.
- But US VIX crashed One thirds in last 2 trading sessions.
- India VIX below 30 is a good sign for option sellers.
- FIIs have started buying whereas DII's continue to sell.
- Biden has a big advantage over Trump now.
- Trump has approached the Court but it doesn't seem to be working yet.
- This is a buy on dip Market now.
- We have closed decisively above 12k.
- Every dip needs to be bought into.
- Nifty might Trade between 12040-12220.
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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