- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly higher right now.
- SGX Nifty is flat.
- Last 2 days Market was been making fresh lows.
- This is generally the price action before the Fed event.
- Market factors in the negatives.
- If market kept moving higher before Fed event then a shock by fed would've taken market 1000 points lower.
- Market going in with not much expectations is always good.
- 16400 is a very important level.
- Expect Nifty to hold onto this today.
- Also this is a very important buy zone for Nifty.
- Bank Nifty near 36k would be worth a long.
- However keep proper stoploss in case if reverses.
- Financials might lead the next rally from here on.
- Previous Bull market IT led the rally.
- This time it's going to be Financials + some minor sectors having not much weightage in Nifty.
- There is quite disparity going on in broader markets.
- Some stocks keep going higher and many keep going lower
- Clearly money is chasing quality names in the Mid & small cap space.
- Nifty might Trade between 16380 to 16600 today.
- stockmarketadvisory.in
1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets 9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack
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