- 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 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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