- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mixed.
- SGX Nifty is down 30-50 points.
- Friday was a Disappointing close for the Bulls.
- Market opened with a big gap up and then eventually closed at the lowest point of the day.
- Trading is within a range of 16400 to 16800 for Nifty.
- Market is making big swings with huge Volatility.
- Similarly previously it was trading between 15750 to 16400 in May month.
- I expect market to trade within this range for this week as well.
- U.S jobs showed fantastic growth but still market closed lower.
- This shows the sentiment is very weak
- When people sell into Good news that means traders want to exit longs immediately.
- This happens in a Bear market scenario.
- In spite of Nasdaq crashing 2% on Friday CBOE VIX was flat.
- This indicates the panic and majority of negative news flow has been discounted.
- Expect RBI not to give any more shocks on coming Wednesday as we have the RBI policy coming up.
- Expectations are between 25 to 50 basis points hike.
- Anything above this will cause a negative sentiment.
- Reliance is the lone Hero for Nifty rally.
- It's up 14% in Last 2 weeks.
- Bank Nifty has weakened in short term
- Bank Nifty and hdfc twins have to catch up for market to rally from here.
- Nifty might Trade between 16450 to 16700 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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