- U.S Markets closed lower on Friday.
- U.S Tech Index Nasdaq closed significantly lower.
- This is due to the Jobs number reported were quite low compared to expectations.
- On Friday our Indian Markets also witnessed profit booking from highs.
- Nifty fell 300 points from 17500.
- Markets from November have been quite Volatile.
- Nifty is making almost 200-300 points on a daily basis.
- Reversals are happening with extreme speed and Volatility.
- This is a ranging Market but with a huge Volatility.
- This is because both the FII's and DII's are in a tug of war.
- DII's buy to support the Market but FII's keep selling.
- Friday all the commodities and all the Cryptos fell.
- Right now Asian markets and Dow futures are higher.
- SGX Nifty is up 50 points.
- We might open flat today.
- RBI governer conference on Wednesday regarding interest rates is a very important event to focus.
- I don't think Market is fearing Omicron.
- Many reports have suggested Omicron to be less deadly than Delta variant and also symptoms are mild.
- Bigger problem is FII selling now.
- Nifty might Trade between 17120 to 17420 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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