- U.S Markets closed at fresh record highs Yesterday.
- Asian Markets are mostly Positive.
- SGX Nifty is Trading near 16330 as on 7.30 AM.
- Dow Futures are slightly Negative.
- Yesterday the major event was Idea Bankruptcy.
- Idea has approached to Govt of India for handing over the company.
- Idea has liabilities more than 1.8 lakh crores.
- It has to repay loans to many major banks.
- SBI loan book includes 11000 crore given to idea and IDFC first Bank's 3% loan book is of Idea.
- Due to this turbulence markets were lower In the first half yesterday.
- In 2nd half FII's have started to buy and Msrkets have made a top.
- Now the Situation has been changed slightly.
- Previously , DII's used to buy and FII's used to sell.
- Now it's the other way round.
- When FII's start to buy they won't stop and buy on a continuous basis.
- RBI policy was a Non event yesterday as expected.
- 16000 is going to be a strong support this Expiry on Nifty.
- Now this is a buy on dip Market.
- Wait for Dips to enter into this Market and you will be rewarded.
- Nifty might Trade between 16220 to 16420 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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