- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are higher.
- SGX Nifty is close to 17300.
- Big Big gap up on cards today.
- Yesterday U.S Inflation numbers were announced.
- Expectation was 8.1% but they came at 8.2%
- Dow Futures fell 600 points as soon as this news broke out.
- As soon as U.S Markets opened this big gap down was bought into.
- Dow Jones recovered from -600 to +850 points.
- This is some rally.
- My sense is Markets may have factored in this negative by now
- Hence the Yesterday low of 3500 on S&P 500 should hold at least for a month now
- Markets bottom out much before the actual event.
- Also Markets factor in negative news much before the event as well
- This is the nature of stock market.
- One has to understand the Market language in order to make money
- Worst Inflation numbers of 40 years and still markets rallying.
- This is the beauty of stock market.
- Markets react differently in various situations.
- 17400-17500 is the resistance zone.
- Will look to build fresh once this gets broken.
- 17200 to 17500 is the range for Nifty now.
- Nifty might Trade between 17200 to 17500 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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