- US markets opened positive but immediately witnessed a good amount of profit booking.
- Dow up 300 Points.
- Asian markets are mostly weak.
- SGX Nifty is higher, trading around 15060 now.
- Yesterday Markets did gap up but then got sold off then recovered again sold off and closed almost flat.
- It was a highly Volatile intraday session but on a close to close basis Market was up only 18 points.
- Bank Nifty is taking support at 35000.
- This seems to be a strong support area.
- The concern now for Bulls is even FII's have started selling now.
- Selling is a bit aggressive now.
- But FIIs keep selling.
- They have sold for Rs 1500 crores Yesterday.
- In F&O also, they have added short positions.
- Also huge amounts of Call writing has been done 15000-15200 call options.
- This is a truncated week so the expiry is tomorrow itself.
- Options premiums reduced drastically yesterday as they were very high on Friday.
- Expecting this expiry between 14800 to 15200 with heavy Volatility.
- Nifty might Trade between 14940-15160 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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