- US markets closed a bit higher yesterday.
- Asian Markets are a bit lower.
- SGX Nifty is Trading near 14450 now.
- Yesterday due to ICICI Bank results Bank Nifty was up more than 700-800 Points.
- ICICI Bank has one of the highest weightage in Bank Nifty.
- Also there was a bit of short covering Yesterday in both the indices.
- U.S and Partner countries have agreed to help and provide assistance relating to Covid.
- This is a positive sign and will be taken in a good note by the Markets
- Tesla came out with good results Yesterday.
- Today Axis Bank will declare after Markets hours.
- The NPA Percentage and slippages will be iin focus.
- In the Short term 14200 is a good support and looks as we have made a short term bottom there.
- Yesterday the former Chairman of Maruti expired so Maruti was down.
- Maruti and Bajaj Finance are also set to declare results today.
- Markets will react and move based on results from here on.
- This is an Important results season.
- Corona Virus problems still continue.
- Positive aspect is we are becoming stronger and are finding more ways to combat the virus.
- Nifty might Trade between 14320 to 14620 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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