- US markets closed higher Yesterday.
- Asian Markets have also recovered their losses.
- Dow , S&P 500 and Nasdaq all closed higher.
- Right now U.S futures are also slightly higher.
- SGX Nifty is trading around 14850.
- SGX Indicating a significant gap up today.
- Yesterday we witnessed weakness ahead of expiry.
- Weakness was majorly due to HDFC twins.
- Both HDFC Ltd & HDFC Bank underperformed significantly.
- Due to these 2 stocks Nifty fell 100 points.
- HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
- This triggered big sell off in these stocks.
- Yesterday FII's were net sellers but DII's were net buyers.
- Going ahead I feel that Market is going nowhere.
- After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
- Now Markets are Consolidating.
- Remember , Consolidation always happens with Volatility.
- On a daily basis Nifty and Bank Nifty are making more than a percent moves.
- Today I expect Markets to be Volatile between 14650 & 14950.
- Do not expect any significant one sided moves today.
- Markets on a close to close basis will be more or less flat.
- Nifty might Trade between 14740-14980 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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