- U.S Markets closed higher yesterday.
- Asian markets were higher yesterday.
- Right now Dow futures & Asian markets are mixed.
- SGX Nifty is up 300 points.
- Yesterday we had a fantastic rally all over the World.
- All the World Markets have rallied heavily.
- All the markets on an average are up 3-5%.
- We also had participated in the same yesterday.
- War fears are declining and a compromise arrangement is being made
- This is cooling off all the commodity stocks
- Plus pumping in fresh liquidity.
- Today we have expiry plus we have election results.
- Both these events will bring in huge Volatility into the Markets
- 16800 is a very important resistance.
- Until this gets taken off I will look to sell rallies.
- Everything is not good yet and Inflation and rate hike is still round the corner.
- These could be relief rallies and Market could be normal after the same.
- Today's action totally depends on the election verdict.
- VIX crashed 4% yesterday.
- If results come pro Market then expecting it to crash further 4-5% today.
- Nifty might Trade between 16400 to 16800 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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