- U.S Markets closed lower Yesterday.
- Right now , Dow futures are slightly lower.
- SGX Nifty is hovering around 17150.
- Indicating another gap up today
- Asian markets are lower
- Yesterday TCS came out with results and they seem good.
- After the results of TCS , all the IT Stocks ADR's have moved higher.
- ADR stands for American Depository receipt
- Indian stocks are traded in foreign markets so that if any FII's are interested they can buy and trade.
- These do not indicate exact movement of the stock the next day but provide a broad idea.
- Markets are now waiting for the Inflation numbers.
- They are due tomorrow ie , Wednesday night as per IST.
- That's the reason markets are jittery before the Inflation numbers announcement.
- Yesterday there was a dramatic recovery since Market opening.
- Nifty didn't even test 17000 and closed above 17200.
- People are ready to buy on dips.
- In spite of such bearishness across World markets we are holding on.
- I expect the same range of yesterday to hold on for today.
- Nifty might Trade between 17000 to 17300 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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