- U.S Markets closed slightly lower yesterday.
- Right now Dow futures are slightly lower.
- SGX Nifty is down 40-50 points.
- Nifty is likely to have a gap down opening today.
- Yesterday was a terrific expiry for Bulls.
- Usually on monthly expiry big moves are expected.
- As too many contracts expire on the same day.
- Yesterday it was the same story.
- As soon as nifty broke out of 18400 , there was a huge rally.
- In just 30 minutes nifty shot up 70-80 points.
- Now the Nifty future premium for December series is too high.
- Nifty future is trading near 18600-18650.
- Such huge premium indicates excessive bullishness in the markets.
- Yesterday sensex and bank nifty hit all time highs.
- Now , 18000 is a very strong support.
- We might have resistance at 18600 nifty spot.
- Once this is taken out then next resistance is only at 19k.
- The trend is bullish and markets are Bullish too.
- Nifty might trade between 18350 -18600 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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