- U.S Markets at one point of time were crashing.
- Dow Jones down 600 points , S&P 500 and Nasdaq were down 2% each.
- This is because Goldman Sachs predicted there would be 4 rate hikes for the year.
- Inflation is expected to be 7.1% which is quite a lot to worry if it happens In reality.
- Due to all this , there was a panic selling in first half
- In the Second half everything recovered and all is well now.
- U.S Futures and Asian markets are higher now.
- SGX Nifty is flat.
- This Wednesday , we will be having lots of news flow in our Markets.
- Inflation data by U.S , Fed statement , IIP Data , Infosys & TCS set to declare results.
- All this will be coming after the Market hours.
- This is making the World Markets jittery.
- Coming to India , we have closed at the highest point of the day yesterday.
- Both on Nifty and Bank Nifty.
- Momentum is so strong on the higher side that even a minor dip is being bought into.
- Yesterday Nifty tested 17900 and Bank Nifty tested 38000 and the dip got bought aggressively.
- Today if we sustain above 18k then we can a rally during the day as many call writers will be stuck.
- Bank Nifty 38k has witnessed huge call writing as well and they will propell markets higher.
- Nifty might Trade between 17900 to 18200 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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