- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower right now.
- SGX Nifty is up 130-150 points.
- So yesterday was the major Fed Event.
- Fed raised Interest rates by 75 basis points by tackle Inflation.
- This was a very bold move by Fed to double down the Inflation.
- Their were talks that if Fed raises rates by 75 basis points markets would crash.
- Exactly opposite has happened
- Nasdaq rallied more than 4% yesterday.
- S&P 500 more than 3% and Dow more than a percent.
- Yesterday I mentioned we are not going with complete optimism into the Fed Event.
- Which is quite good for the Markets.
- Markets have already factored in the negatives.
- Many traders place emphasis on the event.
- I place emphasis on the market movement before the Event.
- So now the Fed event is out.
- 16800-16850 is a crutial zone for Nifty.
- Once this is taken out there will be fireworks.
- Yesterday I mentioned 16400 Is a great buy zone.
- Just see how the markets have rallied from there.
- Nifty might Trade between 16650 to 16850 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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