- U.S Markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty is up 150 points.
- Yesterday it was a treacherous expiry.
- Until 1 pm markets were rangebound.
- Nifty was trading in a band of 100 points.
- But then there was a sudden sell off in the Markets.
- Most of the Nifty stocks fell from days high to close at days low.
- Volatility has picked up since the last week.
- Nifty from 18000 went to 17350 and then 17700 finally closing below 17500.
- This was the Volatility in the last week.
- Yesterday I expected FII sell figure as markets fell drastically after 1 pm.
- To my surprise institutional net figure was positive
- Why had markets made such erratic move despite the same is a burning question.
- Reason might be due to expiry related issues.
- Yesterday was the monthly plus weekly expiry.
- So during such expirys markets tend to be more volatile.
- We are starting off September series with a positive note with today's gap up
- Nifty might Trade between 17600 to 17800 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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