- U.S Markets closed mixed yesterday.
- Right now Dow futures are flat.
- Asian markets are mixed.
- SGX Nifty is flat
- Suggesting a flat opening for the day
- Yesterday was a totally unexpected session.
- Market crashed 300 points and banks crashed more than 2%.
- Friday was a narrow range day of 17400 to 17500.
- As soon as we broke 17400 it was a collapse.
- FII's & DII's both were net sellers yesterday.
- Combined selling was close to 2600 crores.
- This could be possibly due to RBI Policy fear.
- Fear of an interest rate hike by the RBI and rise in crude oil might be the Possible reasons of this sell off .
- Selling was so severe that Nifty fell almost 400 points Intraday.
- 17120 was yesterday's low for Nifty all the way from 17520.
- Without any corresponding negative news.
- India VIX shot up 8% yesterday.
- Market returns have turned negative for the year 2022.
- Nifty might Trade between 17120 to 17400 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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