- U.S Markets crashed yesterday.
- Right now Dow futures are higher.
- Nasdaq crashed 3% yesterday and closed at 52 week lows.
- This is because both Tesla and Twitter are down after Elon Musk deal.
- SGX nifty is down 150 points
- U.S Markets are making huge moves everyday and are highly volatile.
- This is making our markets volatile as well.
- Yesterday Nifty saw a huge short covering rally at the end.
- Everything was Bullish.
- Today we have a gap down.
- Such stuff makes life very difficult for traders.
- Today we have many key corporate results in U.S
- These would decide the future course of action.
- LIC is expected to come with IPO in the first week of May.
- They have reduced the size from 5% to 3.5%.
- Also there is a good discount of retail allotment.
- These are some positives coming out of IPO Market.
- U.S markets are expected to remain volatile until FED meet.
- Our markets do follow global cues but we are outperforming all global markets in short run.
- Nifty might Trade between 16980 to 17220 today.
- Yesterday there was heavy put writing at 17000 , 17100 & 17200.
- FII's have been selling fromast 14 sessions
- 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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