- US markets closed marginally higher Yesterday.
- Asian markets are Flat.
- SGX Nifty is higher above 12600.
- Yesterday Bank Nifty started its show.
- In 2nd half it rocketed 400 Points which helped Nifty going higher.
- FIIs bought for ₹ 570 crores Yesterday.
- DIIs have sold for Rs 1300 crores.
- FIIs are booking profits in some long positions in F&O also.
- Maybe all this is due to Budget as the Expectations are set quite high from the same.
- Earlier FIIs long in Index Futures was above 80% and it is now about 76%.
- Markets might not go much higher from here but also there is limited downside risk.
- So expecting some Consolidation ahead.
- Banks and Reliance have out performed yesterday.
- Reliance finally looked in some Momentum Yesterday.
- Whether we witness continued rally here or not time will say.
- Today Market might be Volatile.
- Usually Wednesdays get Volatile in second half.
- Due to expiry related Unwinding , fresh Positions etc.
- Infosys and Wipro results are being decalres today.
- This is an Important event to look for.
- Nifty might Trade between 13480-13720 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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