- US markets closed Flat Yesterday.
- Asian markets are trading with negative bias.
- Chinese Markets are closed for a week.
- SGX Nifty is In Flat Terrain.
- Markets all over the world are consolidating at higher levels.
- Indian Markets are also the same.
- An Agreement has been signed at Indo - China Border to control the Military forces.
- This will trigger a Postive sentiment over the Globe.
- Reliance Witnessed a good short covering rally Yesterday.
- If Reliance continues its momentum then downside for Nifty is almost NIL.
- India VIX cooled off a bit Yesterday.
- Over the Budget India VIX kept increasing.
- Yesterday's fall in India VIX indicating the fear is reducing at higher levels.
- Also Markets have been Consolidating so this is also contributing for a fall in India VIX.
- Consolidation is also a Positive sign for the Bulls.
- ITC has come up with decent results Yesterday.
- FMCG division in many areas witnessed double digit growth.
- It would be interesting to see how the stock reacts today.
- Expecting this week to be a Consolidation week.
- Don't expect Markets to make a big move.
- 15000 to 15400 is the primary range.
- Will look for Adjustments if this range doesn't hold on.
- Nifty might Trade between 15080-15260 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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