- US Markets closed Mixed.
- Right now , U.S Futures are up 0.5%
- SGX Nifty is Trading near 13870.
- Trump signs U.S Stimulus bill.
- Asian markets are positive.
- That is indicating fresh all time high for Nifty.
- Last Monday was the Technical Glitch day.
- Nifty fell 4%, Bank Nifty fell 5%, mid cap and small cap fell 6%.
- I've stated many times in past that Bull Market corrections last only for a day.
- We have recovered all the losses.
- Now we might Consolidate after this big gap up.
- Markets giving Intraday Correction almost daily & these are an Opportunity to enter.
- FII volumes dried up.
- Due to New Year & Christmas holidays.
- Bank Nifty also looks quite strong.
- With all front line bank stocks almost at their highs.
- FMCG & IT is the place to park funds right now.
- Look for stocks which haven't Participanted much in this rally.
- These will be more Value bets.
- Volumes will be very low as its holiday week.
- That also gives room to high Volatility.
- Nifty might Trade between 13740-13880.
- 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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