- U.S Markets closed higher on Friday.
- Right now Dow futures are Flat.
- SGX Nifty is flat.
- Asian Markets are mixed.
- There wasn't any major newsflow over the weekend.
- Nifty on Friday retested 17800 and bounced from this level.
- 18000 is a stiff resistance from here on.
- On Friday bank Nifty closed above 40k significantly.
- Which is quite a Bullish sign for Banks.
- FII's were net buyers on Friday.
- DII's were net sellers.
- FII's shorts now stand at 78% .
- U.S August Inflation data is due tomorrow.
- Markets are likely to be jittery on the back of the Inflation data.
- Until the data gets announced expecting a sideways market.
- SBI has crossed it's 52 week highs & has been fresh all time highs on a daily basis now.
- For Momentum traders and trend followers this is the stock to watch.
- I strongly feel if Bank Nifty has to rally it should be with the help of SBI.
- Nifty might Trade between 17700 to 18000 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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