- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher.
- SGX Nifty is up 100 points.
- Almost everyday since last 7-8 trading sessions we are opening with a gap up.
- We open with a gap up , consolidate throughout the day
- Last 1 hour market almost closes at the highest point of the day.
- This has been the ongoing trend.
- India VIX is now below 16 decisively.
- Today there's every Possibility it could slide below 15.
- India VIX below 15 indicates Bull Market.
- Yesterday as well there was no Intraday Volatility throughout the day.
- Markets were trading with a Positive bias throughout.
- Bank Nifty is underperforming Nifty.
- Yesterday was the day of HDFC twins.
- Yesterday seemed as if FII's have covered their aggressive shorts.
- Both the counters were outperformers in large cap space yesterday.
- FII's net buy for 4000 crores yesterday.
- This is the highest net buying figure of FII's in the year 2022.
- When FII's turn buyers they continue to buy and buy.
- They keep pumping in huge funds without bothering which level the markets are trading.
- FII's are Momentum traders whereas are value hunters.
- DII's would look to book profits at highs to allow FII's to buy more.
- If FII's stay net buyers for today as well it will be confirmed that Yesterday's buying was not a one day event.
- All time high is in sight soon.
- Nifty might Trade between 17950 to 18250 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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