- U.S Markets closed 600 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17040 now.
- Markets has been making huge swings now.
- Just imagine , Friday's high was 17500 for Nifty and yesterday low was 16900.
- That's a 600 Point fall in 2 trading sessions.
- This selling is not on the back of any negative news nor on the back of negative global cues.
- Many are contemplating that this fall is due to Omicron Variant scare.
- I don't think so.
- Omicron Variant as many agencies pointed out is less deadly than Delta Variant.
- The biggest problem now for the Market is FII selling.
- FII's have now sold for 85000 crores in last 1 Month.
- Yesterday I expected a selling of 5000 crores but it has come at 3400 crores only.
- One shocking point is that only 1 stock of Nifty 50 closed higher yesterday.
- Rest all 49 stocks closed in Red.
- Until this FII selling goes on this is a sell on rally Market.
- Rallies and pull backs will come.
- Those are opportunities to sell into.
- Yesterday was a one day trending Market towards the downside.
- Nifty might Trade between 16800 to 17100 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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