- U.S Markets closed flat Yesterday.
- Right now Dow Futures are mixed.
- Asian markets are mixed.
- SGX nifty is up 70-80 points.
- Yesterday the U.S Markets recovered from lows .
- There was a speculation regarding FED interest rates.
- Some FED people were indicating of a 75 basis points rate hike.
- But FED minutes indicated only a 50 basis point hike.
- This led to a relief rally in the Market.
- Almost on daily basis we are opening with a gap up.
- During the day there's huge FII selling market breaks the previous day low.
- Today is monthly expiry and Volatility is going to be extreme.
- Yesterday Nifty might have closed slightly lower but there was huge pain in mid and small caps.
- Mid caps closed lower by more than 2% yesterday.
- Advance Decline ratio was 1:6.
- For every 1 stock advancing 6 stocks were declining.
- When there is no support from broader market the rallies won't sustain.
- This Market fall is a repeat of 2018.
- Where index won't fall much but mid and small caps keep crashing
- It's like a slow poison injected into the Market.
- Nifty might Trade between 15900 to 16200 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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