- U.S Markets closed flat Yesterday.
- Right now Dow futures are slightly higher
- Asian markets are mixed.
- SGX Nifty is up 30-40 points.
- Yesterday was the day of index heavyweights.
- That too , particularly Infosys and HDFc twins.
- HDFC Bank contributed 500 points for Bank Nifty fall.
- These 3 stocks combined have contributed for 200 point in Nifty yesterday.
- HDFC Bank in spite of posting good numbers is seeing a massive hit.
- HDFC Ltd is also bearing the brunt due to the same.
- In there something Market knows and we don't.
- Or this is a short term pain?
- After merger news hdfc bank hit a high of 1700+
- Now it's below 1400.
- This is a 300 point fall in less than trading sessions.
- These stocks have been making Market highly volatile than ever before.
- Many retailers have been trapped at higher levels.
- These big institutions offload at higher levels and trap retail.
- FII's have sold for 6500 crores yesterday whereas DII's bought for 3500 crores
- While it's unfortunate , every damn possible thing happens in stock market.
- Right now I sense yesterday's low of 17060 on Nifty should be the bottom for this week at least.
- Upside resistance is at 17400.
- So we might be trading within this band for next 3 days.
- Nifty might Trade between 17150 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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