- U.S Markets closed flat yesterday.
- When we were trading Dow was up 250 points.
- All these gains have been given up during trading hours in U.S.
- Asian markets are higher right now.
- Dow futures are also higher.
- SGX nifty is down 50-60 points.
- Yesterday Market showed remarkable resilience throughout the day
- We at one point of time Even hit 16400.
- Then the last hour selling again was disturbing.
- Today is a very important day in U.S markets.
- Today we will be having the Inflation data from U.S
- Market Positioning is nothing new and similar as always.
- Markets seem to have already discounted the worst.
- Any positive surprise could trigger a short term rally.
- Markets are so oversold all over the world.
- It's not the right time to create shorts.
- Look for pull backs and short covering Rallies from here on.
- Last 2 days fall has been mostly due to Reliance.
- Once Reliance stabilizes and bottoms out then the downside will be limited.
- Hdfc bank ADR was up 5% yesterday.
- Yesterday Bank Nifty throughout the day showed great strength and outperformed the Nifty.
- Nifty might Trade between 16100 to 16400 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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