- U.S Markets closed flat Yesterday.
- Asian Markets are lower now.
- Right now , Dow Futures are flat.
- SGX Nifty is Trading near 16920.
- Yesterday we had a phenomenal rally on frontline indices.
- Nifty claimed yet another record high & Bank Nifty broke out of 36k.
- This Bank Nifty breakout led Nifty as well.
- Nifty is up 1000 Points in last 1 Month.
- Who would've thought that something like this might happen.
- This is Stock Market and it surprises even the best and experienced people out there.
- 17000 is just around the corner now.
- There's a high chance of breaching 17k this Expiry itself.
- Today we have a very important event coming up.
- GDP data for Q1 2021 will be out later during the day.
- As most of the Economy has opened up I expect GDP data to be better compared to previous figure.
- Bank Nifty should outperform from here.
- I have a Gut feeling that Q1 GDP data might help Nifty to gap up above 17k tomorrow.
- Provided we don't cross 17k today.
- Nifty might Trade between 16820 to 17020 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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