- US markets were closed yesterday.
- Asian Markets are also Trading higher Currently.
- SGX Nifty as on Yesterday closing was near 14300.
- Now it's showing a 100 Point gap up closer to 14390.
- Our Markets from last few days have been highly Volatile.
- India VIX had gone up above 25.
- Option premiums are very high.
- Ex Fed Chair Janet Yellen, who is going to be the future Treasury Secretary, called for aggressive Stimulus.
- That statement has made U.S and European futures rise.
- Which also made SGX Nifty to rise.
- All Largecap companies have declared very good Results.
- Pandemic was a speed breaker in the business but Largecaps have come out quite well.
- Infosys , TCS & HDFC Bank have declared very good Results.
- Reliance Industries , another Largecap has announced that it's going to declare results this Friday.
- Expecting another Blockbuster set of numbers from Reliance.
- Bull Markets often witness such quick Corrections when nobody expects.
- Due to these reasons Bull Markets become quite difficult to trade into.
- Corrections like these take in more shorts into the system which in turn help markets to go higher in future.
- Primary trend is Bullish and we are in a Bull Market.
- Nifty might Trade between 14260 to 14480 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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