- US markets closed 0.6% negative Yesterday.
- Asian Marlets are mindly lower.
- U.S futures right now are slightly positive.
- SGX Nifty is Trading near 13530 now.
- Yesterday I mentioned 13400 to 13600 range for Nifty.
- This range worked out well & can continue to go on.
- Markets are Rallying too fast too quick are Consolidating.
- Consolidation is infact good for the Bulls.
- I won't like to go long here and won't like to add fresh money.
- Dips would come and that would be opportunity to add.
- Bank Nifty also Trading in a narrow range.
- Next big event for the markets is the Budget.
- After December Month focus would shift on the budget.
- FII's continue to buy.
- In U.S interest rates are Zero.
- Therefore FII's look to invest in Markets and emerging Markets.
- To at least generate some return.
- Today's view is clear buy on dips closer to 13400.
- Bank Nifty near 30500.
- Nifty might Trade between 13420-13580 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
Comments