- U.S Markets closed higher Yesterday on Friday.
- Dow futures are slightly positive.
- Asian Markets are currently higher.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading above 15900.
- On Friday , we closed almost at record highs.
- Significant development was the outperformance of Banking Stocks.
- Bank Nifty outperformed Nifty by a huge margin on Friday and closed almost 2% higher.
- Bank Nifty Future has broken out above 35500.
- If we Sustain above this level for some time then the rally should continue.
- Reason for Nifty Underperformance is Reliance.
- Reliance is down 6% in last few trading sessions.
- Once Reliance settled and bottoms out then Nifty will fly.
- Global Markets are also Positive overall.
- The Sentiment and the Underlying tone is Bullish.
- July series we have many important events lined up.
- Companies are going to declare their results.
- In the Month of Corporate results Declaration we can expect Markets to make big move on the either side.
- U.S Inflation data has also come lower than anticipation is also a positive news.
- Delta Plus Variant spreading faster than ever plus new restrictions in Maharashtra is a negative news.
- Nifty might Trade between 15820-16020 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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