- U.S Markets at one point of time were 300 points but recovered towards the end of the day.
- Right now Dow Futures are lower.
- Asian Markets are under pressure.
- This is because Chinese Govt is running behind technology companies.
- Yesterday Chinese and Hong Kong markets fell significantly and now Chinese futures are lower.
- SGX Nifty is trading near 15900.
- Yesterday in spite of such Global turbulence , our markets performed extremely well.
- Infact Indian Markets outperformed other Asian Markets yesterday.
- In spite of Such huge FII selling , DII's and retail people continue to support the Market.
- ICICI Bank results were up to the Mark and that changed Bank Nifty view.
- After HDFC Bank results , Bank Nifty view was Bearish but now it has become neutral.
- I expect rangebound Market to continue for this week.
- 15600 to 16k continues to be the range on Nifty.
- 34500 to 35500 on Bank Nifty.
- Infosys hit fresh all time high Yesterday.
- Perhaps the foreign investors might have dumped Chinese based IT Stocks and shifted money to Indian Based IT companies.
- Axis Bank declared results yesterday at it seemed okay at the first look.
- Will analyse the same in detail this weekend.
- Nifty might Trade between 15780 to 15940 today.
- stockmarketsdvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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