- U.S Markets closed flat yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower.
- SGX Nifty is as flat as it can get.
- Yesterday market opened with a big gap up.
- After opening with a big gap up the momentum continued throughout the day.
- Market once again closed at the highest point of the day yesterday.
- Today is the weekly expiry for option contracts.
- Expecting a rangebound expiry.
- With slightly positive bias.
- Nifty IT Is back with a bang followed by Banks.
- Indusind Bank posted results yesterday and it beat Street estimates.
- FII's once again were net buyers yesterday.
- FII's are momentum traders.
- When they start selling they keep selling selling and selling.
- When they start buying they buy buy and buy.
- That's why traders always look at FII figures to get a clue regarding market movement.
- 16600 should be a good resistance for the day.
- Followed by good supports near 16500,16400.
- Nifty might Trade between 16400 to 16620 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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