- U.S Markets closed higher Yesterday.
- Asian Markets are also higher.
- SGX Nifty is trading above 16200.
- Dow futures are also higher.
- Yesterday we finally broke out above 16k.
- 16k had huge call writing.
- Both in weekly and monthly expiry.
- When we broke out above 16k. All these writers had to run for cover.
- And this propelled Nifty higher.
- It was a huge short covering rally as soon as we crossed 16k.
- My prediction of Nifty not crossing 16k was wrong but I still made money.
- So there's no reason for me to be unhappy.
- Today the main Event is SBI results.
- SBI has a history of Declaring fantastic results.
- In the past as and when SBI declared results
- Bank Nifty rallied at least 400 points
- Today would be very intresting for Bull's.
- I know many People who are still short on this Market.
- Due to arrogance that Market should fall.
- These will have bleeding red on their trades.
- There's still upside left from here.
- SBI results will decide due course of action.
- Nifty might Trade between 16120 -16340 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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