- U.S Markets closed positive on Friday.
- Job numbers reported were below expectations.
- Markets expect that if Job numbers are lower Fed wouldn't increase interest rates in near future.
- In Bull Markets news are interpreted seperately even if it's Negative.
- Right now U.S Futures are Asian Markers are down slightly.
- SGX Nifty is trading near 15750.
- Bank Nifty unperformed on Friday.
- There was not much out of RBI Policy but banks witnessed huge profit booking.
- In U.S they say if one Index hits fresh highs and Other Index do not follow then we are not in a Bull Rally.
- Rally will fizzle out in coming time.
- So if this is a Bull Market and if this is to continue Bank Nifty should touch it's all time highs sooner than later.
- Nifty is at its all time highs.
- Mid cap index has already crossed all time highs.
- Small Cap index has also done.
- Bank Nifty is the only laggard currently.
- PSU Banks are likely to Outperform than Private Banks.
- SBI default numbers were lowest in this Quarter in the last 4 years.
- I expect SBI to lead Bank Nifty rally.
- We are in a Bull Market and this is likely to continue.
- Buy on dips to apply.
- Nifty might Trade between 15660-15820 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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