- U.S Markets closed flat yesterday.
- Asian Markets are mostly flat.
- SGX Nifty is howering around 15900.
- Right now Dow futures are also flat.
- There were some positive news over the weekend.
- The GST Collection for July came at 1.16 lakh crore.
- This is the top 3 highest GST Collections till date.
- Auto Companies reported good sales numbers.
- Due to these positive news we are indicating towards a 100 points gap up.
- 15900 was a resistance yesterday.
- Nifty tried to break 15900 throughout the day.
- But failed to break it decisively.
- Today it would be another attempt to cross 15900.
- Let's see what happens during the day.
- I've sold 16000 CE yesterday. (weekly expiry)
- Yesterday for the first time , Nifty futures closed above 15900.
- FII's keep selling rigorously.
- DII's and retail people are supporting this Market.
- Yesterday we witnessed some selling after 2.30 but was recovered during the day.
- Nifty might Trade between 15780 to 15940 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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