- U.S Markets witnessed slight profit booking yesterday.
- Asian Markets are flat.
- SGX Nifty is trading near 16280 now.
- Dow Futures are flat.
- Our Markets have witnessed a fantastic rally in last 2 days.
- Nifty was up by 400 points
- Bank Nifty up by 1500 + points.
- Hdfc Bank results dragged Bank Nifty lower by 1500 points but now Bank Nifty has recovered all losses.
- SBI results has turnaround Bank Nifty in the past.
- Yesterday is was no different.
- SBI results were better than other Banking results.
- Bank Nifty crossed 36k briefly at one point.
- Today is weekly expiry.
- This rally for last 2 days continue to go as usual.
- Markets cannot go up so fast everyday.
- Now Consolidation is required for Bull's.
- Expecting a ranging day today with Slightly positive bias.
- Generally weekly expiry are Rangebound.
- Nifty might Trade between 16180 to 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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