- U.S Markets closed mixed Yesterday.
- Dow Futures were Positive yesterday when indian Markets were opened.
- But on the close to close basis it closed where it was when our Markets opened.
- Yesterday markets closed at the high due to short covering in Pvt Sector Banks.
- FM announced tat PSU companies can keep accounts with Pvt Sector Banks.
- Earlier PSU Companies were asked to keep accounts only with PSU Banks.
- This led to short covering rally in Pvt Sector Banks.
- Pvt sector banks and NBFC Companies led the rally Yesterday.
- Yesterday due to Technical Glitch many People lost huge.
- Also there was all kinds of confusion & problems regarding trading Position / square off etc.
- There was no proper communication from NSE.
- Along with Indian markets, entire world markets recovered.
- US makets closed higher.
- Asian markets are higher.
- SGX Nifty is trading around 15045.
- SGX indicating opening above 15k today.
- This last week of Feb has been highly Volatile.
- Markets are all over the place.
- Today too Volatility is likely to continue.
- Expecting to be a Bullish day today with short covering in 2nd half.
- Downside is limited to 14900.
- Expecting expiry between 15140 & 14900.
- Nifty might Trade between 14900 -15140 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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