- U.S Markets closed lower Yesterday.
- During our Trading hours , U.S markets were lower by 1.5% on all Indices.
- This was due to rise in Bond Yields and Crude prices.
- Dow futures and Asian markets are lower now.
- SGX Nifty is down 20-30 Points.
- Yesterday during trading hours news broke out that FM Nirmala Sitharaman is going to address an Important economic issue
- People were anticipating some reforms due to COVID.
- But it was actually more of Political one than Economical.
- This has even more dented the sentiment of investors.
- Bajaj Finance came up with excellent results yesterday.
- Yesterday was a high volatile trading day.
- Nifty tested 18350 and then reversed significantly.
- Today as well there would be weakness in the Markets
- 18000 is a strong support both on weekly and monthly basis.
- This should provide cushion.
- 38000 is a strong support on Bank Nifty.
- We are likely to open near 38k on Bank Nifty.
- Texture is weak now until global Markets recover.
- Nifty might Trade between 18000 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
Comments