- U.S Markets closed flat Yesterday.
- Right now , Asian Markets are higher.
- SGX Nifty is at 18050.
- Yesterday was quite a surprising day for the Markets.
- SGX was indicating a huge gap down of 100+ Points.
- But we opened only 30 Points lower.
- Then Market fell during the day but closed near 18000 towards the end.
- Again a record closing for our Markets.
- This Market is looking very strong.
- Money has now been shifting from IT Sticks to Banks.
- This is what happens in a classical Bull Market.
- Sectoral Rotation under which investors book profit in one sector and it's overvalued.
- Money moves to other sectors.
- Staying with the winners is the way to make big.
- Today is Wednesday and Wednesday trades are highly volatile.
- 18000 CE still continues to have highest open interest.
- If we sustain above 18050 then there is a chance of short covering rally.
- 17900 is a good support now.
- Infosys is set to declare results today and after TCS results the expectations have been lowered.
- If Infosys can provide a surprise then IT pack would be joining the party.
- Nifty might Trade between 17860 to 18100 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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