- U.S Markets closed lower Yesterday.
- Right now Dow futures are slightly lower.
- SGX nifty is indicating a very flat opening exactly near Yesterday's closing.
- Yesterday the most awaited Inflation numbers were announced.
- U.S Inflation sky rocketed to 9.1%.
- This is once again the highest Inflation number in last 41 Years.
- Because of the same U.S markets fell yesterday.
- According to me , I sense that the worst is already discounted in the Market.
- Yesterday in spite of such high Inflation number , U.S VIX fell
- Expect Inflation to cool down from next Quarter.
- Yesterday we closed below 16k.
- So the short tern trend stands negative.
- Market lacks momentum on either side
- Previously there would be 300 points movement evedyday in Nifty.
- Now the momentum has reduced.
- So do the option Premiums.
- Expect last 2 weeks of July expiry to be Volatile.
- FII's start to sell again.
- Bulls will be happy with a month of Consolidation on Major Indices
- Nifty might Trade between 15900 to 16100 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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