- U.S Markets closed lower Yesterday.
- After 4 consecutive massive upward days yesterday there was a bit of profit booking.
- Asian markets are trading lower.
- SGX Nifty is trading close to 17300.
- Today after many days we are about to open flat / negative.
- Last 3 trading sessions we opened with huge gap up on daily basis.
- FII's have turned net buyers.
- They have bought for over 2000+ crores yesterday.
- DII's as usual do opposite of what FII's do.
- DII's booked some profits yesterday.
- Consolidation is the need of the hour for Bulls.
- Markets cannot keep going higher at such rapid pace.
- If it keeps going higher at this pace , as and when fall comes it will be severe.
- We have RBI event coming up this Friday
- It's better if we don't go into the event with huge optimism.
- India VIX was up 6% yesterday after many days.
- Bank Nifty is now close to 38000.
- Just before a Month I was hearing about recession everywhere.
- The term recession has been wrongly interpreted.
- There are 2 terms , recession and slowdown.
- Right now we are witnessing slowdown in Global economy and not recession.
- Recession is where more than 50% of the Corporates lose their Jobs.
- Nifty might Trade between 17200 to 17400 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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