- U.S Markets closed higher on Thursday and Friday.
- Dow Rallied 1000 Points in these 2 days.
- Right now Dow Futures are flat and Asian Markets are lower.
- China GDP data was announced today Morning which was below Expectations.
- Hence , Asian Markets are under pressure.
- SGX Nifty is Trading near 18420 now.
- It has been a dream run for our Markets in October.
- October 1st low was 17450 and now it's nearly a 1000 Point rally considering SGX.
- This rally is without the support of IT index.
- Bank Nifty has also witnessed a phenomenal rally of close to 2500 Points for October.
- The talking Point over the weekend was HDFC Bank results.
- Media has been reporting it's above Expectations but the issue here is Stock has already rallied before results.
- Any disappointment found in results would lead to a big fall.
- TCS hit fresh ATH before results of 4000 , results were not that bad but the Stock fell.
- Move after the results is quite difficult to predict because it's totally onto the Expectations.
- This week also has lots of results lined up.
- Reliance and ICICI Bank are heavyweights of Nifty and Bank Nifty.
- These will be coming with results over the weekend.
- Will be interesting to see HDFC Bank's movement post results.
- 18500 could act as a stiff resistance today for Nifty.
- It's time to be cautious as I feel Market has run up too quick too fast.
- 18250-18300 would be good zones to enter into for short term traders.
- Nifty might Trade between 18300 to 18500 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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