- U.S Markets closed higher on Friday.
- Right now Dow futures are lower.
- SGX nifty is indicating a flat Opening near 15700.
- Asian markets are lower.
- July month also begins with FII selling.
- FII's have sold around 2500cr on the first trading day of July.
- Another record is FII's short position stands at 85% in Index Futures.
- I haven't seen such bearishness not even during Covid times.
- As long as FII's hold such huge shorts there is no significant scope of turnaround in the Market.
- I keep hearing lot of crap like Retailers will take the markets higher.
- FII's will surely join retailers etc.
- This is just a crap , FII's are more informed people and smarter.
- These have huge capital and networks.
- These people know lot more than an amateur retailer & news reaches first to these informed people.
- So I expect much more tough times ahead in the Market.
- Fridays price action was again quite volatile & dangerous.
- Nifty fell all the way to 15500 & then revovered with quicker speed.
- Now even large cap stocks like Reliance also facing the heat.
- It was down 7% on Friday.
- Nifty might Trade between 15600 to 15900 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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