- US markets closed higher on Friday.
- Asian Markets are also trading higher.
- SGX Nifty is up 70 Points.
- U.S Markets closed higher in Stimulus hope as the Jobs data was not upto the Mark.
- Over the weekend, US passed Stimulus Bill of US1.9 Trillion.
- This is creating a very Positive sentiment in the whole World Markets.
- Indian Markets are on a Dream Run since last week.
- Bank Nifty up 15% and Nifty up 10-12%.
- SBI up 40% in a week.
- Never ever this has happened before.
- 15k is a Psychological Resistance and once this is taken out we can see more higher levels soon.
- Markets won't rally as fast as they were from last week , the pace will surely reduce.
- But yes there is more to come after 15k.
- Not immediately but maybe in due time.
- ITC , the Sleeping Elephant has also woke up now.
- It is set to declare results this week.
- Auto Stocks are Underperforming now.
- This is the only sector not participated & haven't contribute majorly in the rally.
- Put Options are trading at high Premiums and now is the best time to sell Puts on any correction.
- Nifty might Trade between 14940-15080 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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