- US markets Opened on a Negative note Yesterday but closed higher.
- Asian markets are mostly Trading higher.
- SGX Nifty is almost flat / Positive.
- Yesterday FII's were net sellers and they sold heavily in Pvt Sector Banks.
- Bank Nifty Underperformed Significantly yesterday.
- Due to Bank Nifty Underperformance , Nifty also was dragged.
- Supreme Court ruling on loan moratorium case is due to today.
- This is the reason why Bank Nifty under performed yesterday.
- Due to Uncertainty because of Ruling , FII's must have booked some profit.
- I expect the Verdict to be a Non event today and it might be postponed further.
- How will the Markets react to the same will be Interesting to see.
- 15000 CE added highest open interest yesterday.
- So this can act as a stiff resistance for this expiry.
- March series was highly Volatile and generally in the last week Market makes a big move.
- Expecting a big move in these 3 trading sessions.
- But for that to happen Nifty should either cross 15k or break 14500.
- As long as Nifty trades within this band this is going to be a ranging sort of Market.
- VIX declined significantly yesterday and closed below 20.
- Yesterday Markets were not much Volatile but today things might change due to SC Verdict.
- U.S VIX was down 10% Yesterday.
- Nifty might Trade between 14680-1492 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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