- U.S Markets closed lower yesterday.
- All indices were down more than a percent.
- Most importantly, U.S VIX jumped 8%.
- Right now Dow futures are slightly higher.
- SGX Nifty is down 60-70 points.
- Yesterday the star of the show was Reliance.
- Yesterday as well nifty opened lower but the dip was bought into immediately.
- Reliance was up more than 3% and that took markets higher single handedly.
- There was slight profit booking in the last hour.
- Nifty fell by 50 points.
- Nifty is just 60 points away from all time highs.
- Bank Nifty has already crossed its all time high of 41k.
- Markets are highly bullish right now
- Any sort of dip is being bought into quite aggressively.
- Global markets turned weak yesterday on Covid issues.
- Indian Markets continued optimism.
- Thanks to Reliance Industries.
- I do not expect all time high to be taken out so easily.
- We might consolidate a bit before crossing all time high.
- Nifty might trade between 18400 to 18650 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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