- U.S Markets closed mixed on Friday
- Right now Dow futures are slightly lower.
- SGX nifty is flat.
- Friday was a high volatility session within a range.
- Nifty moved violently between 15200 and 15400.
- There were huge swings throughout the day.
- India VIX closed flat.
- Right now Asian markets are lower.
- Crypto holders are having pain of their lifetime.
- There is absolute bloodbath in crypto Market.
- Each and every crypto is down 70% from the top now.
- Some are Down even more.
- HDFC Bank ADR was up 4%
- Crude oil cooled off
- All this indicating a possible bank Nifty rally.
- Bank Nifty should outperform Nifty in the short run.
- Expecting an Inside candle day for Nifty today as well.
- Nifty likely to trade within Fridays range.
- Nifty might Trade between 15200 to 15400.
- 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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