- U.S Markets closed at record highs yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 17880.
- The talk of the town is IRCTC.
- Government has announced that IRCTC has to share 50% of convenience fee with Govt.
- The stock is in split and shares have not been credited yet to demat.
- This sudden news will cause a panic in the Market.
- People invest in the company looking at its management and Trust .
- IRCTC was preferred because of its Monopoly and no intervention in Corporate Governance.
- This change will hit a big damage and impact the reputation of the Management.
- October Expiry was the worst for Bulls.
- Markets crashed Yesterday due to heavy FII selling and also Expiry related issues.
- 17800 is the critical level for today.
- If we close below 17800 today then it's time to become bearish in the short run.
- If we manage to hold on today then we can expect stability going forward.
- Traditionally November is a very good month for Bulls.
- Last 3 Years November has given positive returns.
- Last Month it was 11% return in November for Nifty.
- Nifty might Trade between 17800 to 18000 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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