- U.S Markets were higher Yesterday.
- Asian Markets and Dow Futures are higher now.
- SGX Nifty is Trading near 17650.
- Yesterday the Markets were volatile due to Fed tapering statement to be released later during the day.
- FII's sold Yesterday.
- HDFC Bank and ICICI Bank were the top losers of Yesterday.
- Yesterday Fed announced "If Economy remains strong then they would start tapering".
- In U.S there is a saying "Never fight the Fed".
- Fed for the majority of the times has positive outlook towards stock markets.
- Yesterday also the similar thing has happened.
- Probably the FII's might have sold Yesterday due to this Uncertainty regarding FED.
- They might start buying spree from today.
- Yesterday U.S futures were higher when we were trading and it was giving an indication of the momentum to continue.
- Evergrande news is over now and markets won't react twice for the same news.
- There was a deep fear of 2008 recession being repeated due to Evergrande collapse.
- This Fear has been subsided now.
- 17600 , 17650 & 17700 all the calls have been written aggressively today.
- Expect Markets to consolidate after a strong gap up today.
- Nifty might Trade between 17520 to 17700 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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