- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation phase.
- Consolidation is the need of the hour for Bulls.
- Consolidations and Corrections in Bull Markets bring more Strength and Pace to the Markets.
- Asian markets are mostly down.
- SGX Nifty is up 40 points.
- 15260 seems to a strong resistance for our Markets now.
- We have been failing to break through the range.
- We have broke out of the range and went higher than 15260 level but failed to sustain.
- 15300 Straddle has the highest open interest.
- So expiry can be expected near this level unless another big move / spike appears.
- HDFC Twins were weak Yesterday.
- They contributed more to the downside.
- On the other hand , PSU Bank index rallied 6% Yesterday.
- PSU Banks kept the Bank Nifty breadth intact.
- The reason is that there were some restrictions announced by RBI for Housing Finance Companies.
- Currently it seems like all the sectors and stocks have been peaked out.
- Market needs fresh news or Trigger to continue Momentum.
- Nifty might Trade between 15120-15340 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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