- U.S Markets closed higher Yesterday.
- Dow futures are flat now.
- Asian Markets are mixed.
- SGX Nifty is trading around 16300.
- Yesterday we touched 16350 on Nifty but we were unable to sustain this gap up.
- Towards the end of the day Trading day severe profit booking was witnessed.
- Ultimately markets closed almost flat.
- This happens when we have a huge breakout.
- Nifty broke out of 16k with full steam and after that we are consolidating.
- Today is Wednesday and remember Wednesdays are highly Volatile.
- As we have an Expiry tomorrow so expiry related issues might kick in.
- In spite of severe profit booking yesterday 16000 PE added huge open interest.
- This shows the confidence of Bulls.
- We are in a Consolidation phase and this might continue a bit longer.
- Zomato posted results yesterday are they do not look good.
- Loss reported by the company has increased by 360% YOY.
- I have repeatedly Cautioning that this stock is trading at high Valuations and one needs to be careful.
- This will be a very Stock Specific market from now.
- Investment in wrong Stocks would cause severe damage.
- Nifty might Trade between 16160 to 16360 today.
- stockmarketadvisory.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
Comments