- U.S Markets were lower Yesterday.
- Asian Markets were down Yesterday.
- Right now Dow Futures and Asian Markets are higher.
- SGX Nifty is trading near 17650 now.
- Yesterday it was a highly volatile trading day.
- Nifty opened above 17900 was down 300 Points to 17600 and recovered 150 Points during the end.
- India VIX was higher Yesterday as well.
- Monthly expiry is always volatile.
- Futures , Options Contracts all expire at once and that causes indicisivess.
- The reason was such large fall at Intraday was due to Bond Yield rising.
- 10 Year bond yield was up by ₹1.5 yesterday.
- When Bond Yields rise people shift money from Equity to Debt Instruments.
- Plus crude oil also crossed 80$ / Barrell.
- Bond Yield issue was there even in the month of March 2021 and Markets reacted violently then.
- I don't expect the reaction to be much fierce for now.
- Markets won't react twice for the same stuff.
- Expecting Nifty to expire between 17600 to 17900.
- This should be the trading range for today and tomorrow.
- Nifty might Trade between 17600 to 17900 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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