- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now
- Asian Markets are mixed.
- SGX Nifty is Trading near 15780.
- Corporate results have started to kick in for Indian Corporates.
- Titan has come up with fantastic results yesterday.
- In spite of 2nd wave issues results were exemplary.
- Yesterday the star of the show was HDFC bank.
- Everybody is aware of HDFC Bank holding the highest weightage in Bank Nifty.
- HDFC Bank at one point of time alone contributed 350 point gain Yesterday.
- As I've been mentioning to sell Nifty near 15900 and buy near 15700.
- The same continued yesterday.
- Nifty failed to cross it's important resistance of 15900.
- 2nd half witnessed a heavy sell off by the FII's.
- Tata Motors was down 10% yesterday.
- Stock hit lower circuit yesterday as company expressed concerns over Chip shortage.
- Wednesdays are the day before expiry and generally it's expected to be Volatile.
- On a close to close basis we might close mostly flat.
- Intraday Volatility will Continue.
- Nifty might Trade between 15700 to 15900 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
Comments