- U.S Markets closed lower Yesterday.
- Nasdaq crashed 500+ points yesterday.
- Dow Jones and S&P were also weak.
- In the Afternoon Dow Futures were positive on the back of good jobs data Expectation.
- As Markets opened Fed minutes were presented.
- In minutes there were talks about Increase in interest rates and reducing bond purchase.
- There was also a discussion on Reducing liquidity in the economy.
- This will be done in a staggered manner.
- This posted a dent on the Bullish sentiment and caused markets to fall in panic.
- U.S VIX was up 16% YESTERDAY.
- Due to all this SGX Nifty is indicating an open near 17800.
- I feel this is a good gap down to enter into.
- 17750-17720 should act as good support levels for the day.
- Once Global Markets start to stabilize we will resume uptrend.
- Yesterday both FII's and DII's were net buyers.
- Today is weekly expiry and this gap down might create panic in first half.
- Post that we can stabilize and can expect a recovery.
- Bank Nifty looks strong and has actually breached 20 DMA yesterday.
- IT stocks were under pressure and expect it to continue today as well
- Nifty might Trade between 17720 to 17960 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...
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