- U.S Markets closed lower yesterday.
- It was the last day of the Financial year and investors seemed to have taken out some profits.
- Our markets were firm and we're trading within a flat range yesterday.
- SGX Nifty is down 50-60 points
- 17400-17425 is a very good support zone immediately.
- This is the zone to go long at first with 30-50 point stoploss.
- This is a buy on dip Market.
- FII's & DII's both have turned net buyers since last 2 trading sessions.
- This indicates strength and momentum on the upside immediately.
- Right now Dow futures are higher.
- Asian markets are flat.
- First couple of trading sessions decide the course for the whole month.
- If we manage to cross 17500 and sustain then doors for 17800 is open.
- 17600 is the pre war low so this will act as a next week resistance after 17500.
- India VIX was higher slightly yesterday.
- Bank Nifty is near 200 DMA and it has still some unfinished business.
- 38000 could easily surpass on the Bank Nifty from here.
- This will drive the momentum for Nifty
- Axis Bank has taken over Citi Bank so expect Axis Bank to outperform among banks.
- Nifty might Trade between 17380 to 17600 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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