- U.S Markets closed mixed on Friday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 18150.
- Markets have been super volatile from last 4 trading sessions.
- Nifty has corrected 550 Points from 18600.
- Bank Nifty keeps hitting fresh highs.
- There was a time when Nifty was hitting fresh highs on regular basis.
- Bank Nifty was flat.
- Now the tide has changed and money is flowing to Banking stocks.
- ICICI Bank over the weekend has declared box office results.
- Reliance results were good as well.
- The problem for the Market is FII selling.
- FII's have been selling very aggressively from last 4 trading sessions.
- Selling more than 2000 crores on a daily basis.
- This is causing a negative sentiment in our Markets specially in Nifty for a short term.
- The issue is many traders have been stuck at higher levels as they have been used to such corrections
- Also this is one of the longest corrections in last one month.
- Expect Markets to remain volatile and also there are many results lined up this week.
- There is huge call writing at every level of 18200 , 18300 , 18400 etc.
- Market might be Volatile between 18050 to 18200.
- Nifty might Trade between 18000 to 18300 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
Comments