- U.S Markets closed higher Yesterday.
- Asian markets are mixed
- Dow futures are slightly lower right now
- SGX Nifty is as flat as it can get.
- Yesterday market opened with a mild gap down.
- That gap down was immediately bought into.
- Markets were steady throughout the day.
- Until 2 pm there was slight profit booking and Nifty came close to 16500.
- As soon as Nifty touched support of 16500 there was a shap recovery.
- Nifty closed above 16600 yesterday.
- I keep listening that 16600 is achieved now market will fall
- 16700 is the last target after that it won't go higher etc
- I don't follow all these targets stuff etc.
- In an uptrend no resistance works.
- In an downtrend no support level works.
- Markets price action will tell you when it starts reversing
- Right now there's no such sign.
- Banks are leading this rally with slight participation from all sectors.
- ECB has raised interest rates by 50 basis points yesterday.
- Still there was no panic or reaction from the market.
- When Market starts ignoring negative news that means it is super Bullish sign.
- Nifty might Trade between 16500 to 16800 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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