- U.S Markets closed lower Yesterday.
- Right now Dow futures are higher.
- SGX Nifty is down 150 points.
- Asian markets are lower.
- Yesterday there was a Fed event in U.S Markets.
- General expectations were an increase of 75 basis points
- Exactly the same happened and at 11.30 markets recovered sharply from lows
- Then at 12 as Fed governer started speaking , it was a complete Hawkish statement.
- This induced lot of volatility and also selling pressure.
- U.S Markets closed at the low point of the day.
- Dow Jones fell 500 points.
- Although all this happened, U.S VIX didn't shot up
- It stayed flat.
- HDFC Bank ADR was down 2% yesterday.
- This could bring pressure in Bank Nifty.
- However I feel yesterday was an over reaction in U.S Markets.
- Markets should stabilize from today.
- 18000 is a strong support for the day.
- Previously as well many times Nifty went above 18k but couldn't sustain.
- Nifty might Trade between 17900 to 18150 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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