- U.S Markets closed higher Yesterday.
- Dow Jones for the first time closed in green after 5 Consecutive negative days.
- Right now Dow Futures are higher.
- SGX Nifty is near 17410.
- Yesterday as soon as Markets opened there was a big dip in the Market.
- Nifty touched 17250-17270 yesterday and from there recovered towards the end of the day.
- India VIX was up 5% as soon as we opened.
- Towards Closing , India VIX closed lower.
- 17400 CE has a huge open interest this weekly expiry.
- Today we are expected to open gap up.
- As per the Indication of SGX Nifty.
- If this gap up gets sustained , then we might witness a large short covering rally for this week.
- 17250 is a strong support on the lower side.
- Yesterday Markets were weak because of Reliance.
- Reliance fell 2% Yesterday due to postponement in Jio Mobile launch.
- Banks also witnessed large amounts of profit booking Yesterday.
- IT led the recovery Yesterday with Infosys touching 1700.
- Rangebound view continues until we break out of 17450 decisively.
- Nifty might Trade between 17300 to 17480 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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