- U.S Markets closed higher yesterday.
- Right now Dow futures are flat.
- Asian Markets are higher.
- SGX Nifty is indicating a huge gap up of 150 points at 18220.
- This is quite a big gap up and also many call writers have been trapped at lower strikes.
- These call writers will face more problem in today's gap up.
- If we open near 18200 it's a good place to take profits off and sit aside for some time.
- We have lots of events today and Market bullishness indicates that insiders might know the outcome.
- These people start building positions before the actual event takes place.
- It's high chances that these events will be Market friendly.
- Inflation data in U.S expected to be 7.1% and I think U.S markets have already factored in the same.
- So even if we get this number markets would likely ho higher.
- IT Stocks are expected to post good results as Accenture has posted good results this Quarter.
- The only worrying problem is rising COVID cases.
- Market fell in panic when Omicron first took its presence in our counrty.
- Soon , Market has realised that the Hospitalisation and impact of Omicron is lesser compared to Delta Variant.
- Hence , we are moving higher.
- FII's are on a buying spree.
- Yesterday both the DII's and FII's were net buyers.
- 18000 should act as a good support for rest of the expiry both on weekly and monthly basis.
- Nifty might Trade between 18100 to 18300 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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