- U.S Markets closed mixed Yesterday.
- Nasdaq closed in green but Dow Jones closed slightly negative.
- Asian markets are mostly higher.
- SGX Nifty is up 70-80 points.
- Yesterday was a highly volatile trading session.
- Nifty futures af one point of time crossed 17500 & from there it fell drastically.
- Nifty even broke 17200 at one point and then there was huge recovery in second half.
- India VIX was up 12% at one point of time.
- As soon as Nifty fell below 17200 I checked Global markets.
- All the Global markets were trading normally without any negative bias
- It was just our market which was Volatile yesterday.
- Reason is weekly options expiry.
- Yesterday was the weekly expiry and when there's huge put writing or call writing on one side and that level gets broken.
- It leads to big moves.
- Today we have the RBI meeting.
- RBI is expected to raise rates by 40 basis points.
- Most importantly , the commentary will be watched keenly by the market participants.
- Anything below 40 basis points will be considered as a big positive for the markets.
- Nifty might Trade between 17300 to 17600 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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