- U.S Markets closed lower yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is down 100-120 Points.
- Today we are likely to have a gap down opening.
- Markets yesterday were highly volatile.
- Reason was the gap down and also weekly expiry.
- Weekly expiry issues trigger huge Volatility Intraday.
- Markets yesterday opened lower then recovered close to 17700 followed by another round of selling close to 17550.
- Dow futures from negative turned positive & Nifty again went to days high.
- From there closing lower close to 17600.
- So it was all over the place yesterday.
- Issue is now with U.S Markets
- U.S Markets are making lower lows on a daily basis now
- Yesterday as well U.S markets closed lower.
- With Global sentiment being so bearish so cannot keep going higher at a brisk pace.
- 18000 is a strong resistance from here on.
- Generally last week of the month are more Volatile
- Gamma effect also kicks in.
- Yesterday Bank Nifty gave the first sign of profit booking
- Financials led the Market in last 1 month.
- Now people seem to be booking profits .
- Time to be cautious.
- Nifty might Trade between 17350 to 17650 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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