- US markets closed higher yesterday.
- Asian markets are all over the place.
- SGX Nifty is trading near 14200.
- Last couple of days , Markets have been witnessing steep Correction in first half.
- Inviting short sellers and then trapping all bears.
- Closing higher every single day.
- Currently , Elections are going on in Georgia.
- For two Senate seats, counting is in action.
- Democrates are ahead in this race
- That may take some time.
- On Friday, they will open postal ballots.
- Boris Johnson cancelled his trip to India amid new Corona virus cases.
- Yesterday the star of the show was Axis Bank.
- It went up 6% and carried Bank Nifty with it.
- President Trump is yet to concede the defeat, even after more than 2 months of US Elections.
- Coming back to our markets, day before yesterday, all sectors did well, except Banks.
- Yesterday Banks out performed.
- Bank Nifty recovered 800 points from intraday low to high.
- Reliance, as usual, under performed and is in Consolidation phase.
- Bajaj Twins are under performing for last few sessions.
- Bajaj Finance fell about Rs 300 from recent high.
- FII's were net buyers and DII's net sellers.
- Both have reduced their Volumes currently.
- Pharma companies have started to get U.S FDA warning letters.
- So these stocks will be in focus today.
- Nifty might Trade between 13130-13320 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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