- U.S Markets closed higher yesterday.
- Dow futures right now are slightly lower.
- Asian markets are mixed.
- SGX Nifty is up 80-90 points.
- April series has started with a bang.
- Nifty rallied 200 points on Friday and most of it was contributed in the last hour of trade.
- Yesterday again just before opening there was a big breaking news.
- The merger of HDFC Ltd and hdfc Bank.
- SGX Nifty was down 30 points yesterday.
- But due to this news there was a huge buying in HDFC twins.
- And we had a huge gap up.
- FII's who have been selling these 2 stocks left right and centre since 6 Months got trapped.
- This propelled huge short squeeze.
- Yesterday all the rally has been contributed by these 2 stocks itself.
- Both FII's & DII's were net buyers again yesterday.
- We have had a fantastic rally from 15700 to 18100 in just a Month time.
- This could easily go on till 18500.
- Then we have to look for all time highs to be taken out to get further momentum.
- Expect consolidation between 18000 to 18400 for next 3 trading sessions.
- Do not go short in this Market.
- I know many Bears who got killed yesterday and many who are still short.
- They will also be killed soon.
- Follow the trend and don't stand in between the momentum.
- Nifty might Trade between 18100 to 18400 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
Comments