- U.S Markets closed lower Yesterday.
- Asian Markets crashed Yesterday.
- Nikkei was down 4% Yesterday.
- SGX Nifty right now is at 17600.
- OPEC Pointed out Yesterday for not increasing their Crude Oil Production.
- This led to shooting up of Crude Oil Prices.
- Crude Oil has crossed 81$ / Barrel.
- Facebook , Instagram and WhatsApp were down 6 hours Yesterday.
- Also there have been reports of Stealing users data by hackers.
- This led to panic selling in IT stocks Yesterday in U.S.
- Nasdaq was down more than 3% at one Point.
- Yesterday was an Unexpected rally in our Markets even when Global Cues were Negative.
- 17450 is a strong support and 17750 is a strong area of resistance.
- Expecting markets to move violently within this range.
- Expecting a Breakout out of this range in the second week of October.
- Right now we are stuck between Weak Global Cues and Positive local cues.
- These sort of dips should be bought into at every declines.
- We are in a strong uptrend now.
- When Global Markets start to rally then we would be participating with full steam on the upside.
- Nifty might Trade between 17520 to 17720 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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