- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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