- U.S Markets closed higher yesterday.
- Right now Dow futures & Asian markets are flat.
- SGX Nifty is higher by 40-50 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- Last time , when the Crude prices crossed 125$ Nifty was at 15700.
- Now again crude prices are rising but markets are resilient.
- Only 1 major reason is that FII's have stopped selling as they used to do before.
- Since the day BJP has won elections FII's have sold very less compared to before.
- In some situations they have bought as well.
- This is what is keeping the markets resilient.
- Bank Nifty would be under serious pressure as long as crude prices keep rising.
- Inflation also is a big worry as commodity prices keep going higher.
- Another factor Is the global markets rally.
- U.S markets are also above 200 DMA and they have also been rallying.
- This is also keeping the markets resilient.
- Right now the view is rangebound between 17000 to 17500.
- Trending move would develop only after this range breaks.
- Nifty is likely to outperform as compared to Bank Nifty.
- There's no positive news from Russia - Ukraine front.
- It's better not to carry positions over weekend and stay very light.
- This is a highly volatile market and can turn in minutes.
- Nifty might Trade between 17100 to 17400 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. 20. Com
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