- U.S Markets closed mixed Yesterday.
- The day before Yesterday U S Markets rallied.
- We had a trading holiday that day in Indian Stock Market.
- Dow futures are higher right now
- Asian Markets are mixed.
- SGX Nifty is up 300 points.
- Right now it's trading near 17920.
- SGX Nifty Seems to be over reacting.
- We may not open that higher today.
- 17900-18000 are likely to be stiff resistance zones for the day.
- Market texture has changed now.
- Now markets open with a huge gap up or gap down.
- After such gap openings it's likely to be flat.
- Bank Nifty near 42000 is a good shorting opportunity.
- Banking stocks have rallied a lot in past 2 months.
- IT Stocks are eroding wealth.
- There's not much steam left in Banking stocks now.
- When everybody puts money only in few companies that's when it tops out.
- Now we are also trading at the higher band of trading range of 15200 to 18600.
- So going long is not worthy.
- I would be looking for shorting opportunities.
- Nifty might Trade between 17700 to 18000 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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