- U.S Markets closed lower yesterday.
- Nasdaq has fallen more than 1000 points in just a week.
- Asian markets are now lower.
- SGX Nifty is down 150 points.
- We are again having a huge gap down today.
- Global markets are under pressure because of high inflation and rising bond yields.
- Today , U.S Inflation is set to be out and also we will have india inflation data as well.
- U.S Inflation is expected to be at a 40 year high of 8.2%.
- Indian Inflation at 6.4%
- For this whole year , Inflation and rising bond yield fears will be troubling us.
- This is not going to be an easy year to make money.
- Midcaps have been outperforming this month compared to Index.
- Midcap index is up 4-5% for the month whereas Nifty is up 1-2%.
- This shows that broader markets are doing much better compared to Index.
- TCS declared results yesterday and the street doesn't look too happy about it.
- Also Nasdaq crash will have IT stocks under pressure.
- The main problem for us is HDFC twins.
- As and when FII's wish to sell , they target these both stocks.
- These are index heavy weight stocks and they are falling rapidly.
- This is keeping index under pressure.
- Today's Inflation data and U.S markets reaction on the same will be very important.
- Most of the times , all the negatives get factored in before the event and when actual event is out markets go up.
- Today this is a possibility.
- Nifty might Trade between 17480 to 17680 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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