- U.S Markets closed higher on Friday.
- Asian Markets are mostly flat.
- SGX Nifty is trading around 16270.
- Right now , Dow Futures are flat.
- Markets after breaking out of 16k have witnessed a fantastic rally.
- Now it's in Consolidation phase.
- I expect a limited upside for this week Expiry.
- Many negative news approaching.
- Markets seem to be taking it easily as of now.
- Reaction hasn't been witnessed yet.
- 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.
- 2nd half we tried to recover but failed to close higher
- Nifty might Trade between 16160 to 16300 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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