- U.S Markets closed more than a percent higher Yesterday.
- Right now U.S Futures are slightly higher.
- SGX Nifty inching towards 15900.
- This has been a dramatic recovery in Global Markets.
- Yesterday during our Market hours Dow futures was down more than 1%.
- By Afternoon they have turn positive and since then the rally has continued.
- Yesterday Bank Nifty outperformed Nifty and was up 700 Points from day low.
- After a Big gap down it was a one way Trending day on the upside.
- This upside should continue.
- Today is Tuesday & two days are left before expiry.
- Today we can expect Rangebound markets.
- So Market night throw some surprises Intraday.
- Reliance AGM is scheduled on 24th June and Expectations are quite large.
- Reliance is likely to lead this rally & Outperform on these Expectations.
- FII's & DII's turned net buyers Yesterday.
- Infosys and Reliance are the two which will lead Markets on the upside.
- 16000 is a stiff resistance whereas support has been shifted to 15600 for this expiry
- Nifty might Trade between 15720 to 15940 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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