- U.S Markets closed lower Yesterday.
- U.S Markets are down for 5 trading sessions out of last 6 sessions.
- Whereas Indian Markets are up for straight 5 sessions.
- Right now Dow futures and Asian markets are higher.
- SGX Nifty is flat near yesterday closing.
- Yesterday was a fantastic rally in our markets.
- It was a stable Market and a slow and steady rally.
- This was due to major contribution by HDFC group stocks.
- Both HDFC and HDFC Bank led yesterday's rally.
- Mid caps were underperforming throughout the day
- It was the large caps which kept Nifty in check.
- We have fed meeting on Thursday and that's why U.S markets are jittery.
- Because of higher Inflation , FED is expected to increase rates.
- This is leading to a fear in the markets.
- Yesterday india VIX kept inching higher.
- It was higher throughout the day.
- Put options were not falling proportionately whereas call options kept rising.
- Expecting markets to test 200 DMA today near 16950.
- Yesterday we did cross 20 DMA of 16850 and closed above this.
- If we cross 200 DMA then I would become bullish.
- Nifty might Trade between 16700 to 17000 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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