- U.S Markets were more than a percent higher on Friday
- Asian Markets are lower now.
- Dow Futures are 0.5% lower now.
- SGX Nifty closed around 14500 on Friday night.
- But right now, it is trading around 14440.
- Mutant Corona Virus of UK has been causing a lot of issues to European Countries.
- London now has also imposed Emergency.
- TCS has already declared very good results.
- They have also come out with a Growth projection of double digits during next Financial year.
- IT stocks are the star of the pack now.
- Expectations are very high after TCS results.
- Corporate results season for this Quarter will decide the trend from here.
- Next Important factor after Corporate results will be the Union Budget.
- Today also RBI is likely to come out with its Interest Rates.
- Expect a Sta tus Quo policy or a lowering of interest rate.
- If anything apart from this then Market might react Negatively.
- This is also an Important event to watch on.
- Nifty was up 200 Points on Friday but Bank Nifty was hardly up 100 Points.
- HDFC bank is going to decalre results this Quarter.
- Maybe Markets are waiting for what comes out of the store.
- Nifty might Trade between 14320-14490 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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