- 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 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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