- U.S Markets closed lower yesterday.
- Asian markets witnessed profit booking as well.
- SGX Nifty is down 100 points
- After a stellar rally yesterday all over the Globe this profit booking makes sense.
- U.S VIX was up 5% yesterday.
- Crude Oil jumped from 100 to 105.
- Yesterday Nifty and Bank Nifty closed above their respective swing highs.
- Technically this shows Bullishness in the Market.
- If past 6 Months trend is observed , Tuesdays are generally sideways.
- Market tends to move sideways on Tuesday more often than not.
- IT index was up 3% yesterday.
- All the underperformance after TCS results was cleared in just one go yesterday.
- When was the last time you saw HDFC Bank down by 1% and Bank Nifty up 500+ points.
- PSU banks are witnessing serious re-rating.
- These banking stocks are in a Bull Market of their own.
- Use today's sideways movement to go long.
- The trend right now is Bullish.
- Trend would be negated if we close below 16k on Nifty.
- Option Premiums are also too low considering the fall in VIX.
- Nifty might Trade between 16100 to 16320 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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