- U.S Markets closed higher Yesterday.
- U.S Markets have recovered all of their losses of Monday and Tuesday.
- Just Yesterday in a day.
- SGX Nifty is higher by 90-100 points.
- Asian markets are higher.
- Yesterday markets crossed the swing low of 17380 in the final hour
- That gave us an Indication regarding how Bullish the Market is.
- 17500 is the next resistance now.
- Bank Nifty is super bullish.
- In this Bull Market I expect Financials to lead the rally.
- Which we are already witnessing from past month.
- Tomorrow we have RBI policy so today last hour Bank Nifty might get Volatile.
- This is clearly a buy on dips market.
- Each dip is being bought and Market inches higher the next day.
- Yesterday I had adviced to go long near 17200 and this trade played out really well.
- Nifty in the first hour was negative and trading near 17200 but closed at the highest point of the day.
- 17200 is now a very major support for the markets.
- Next leg of rally will begin only once Nifty closes above 17500.
- Until then markets might again take their time & consolidate.
- Nifty might Trade between 17380 to 17580 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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