- U.S Markets closed lower Yesterday.
- Right now Dow futures are flat.
- Surprisingly, SGX Nifty is higher by 50-60 points.
- In spite of Global sentiment being bad , SGX Nifty is higher.
- Yesterday it was a stable expiry.
- Nifty traded within a small band of 100 points throughout the day.
- Markets trading within a band and with less Volatility is always a healthy sign.
- India ViX crashed below 16 yesterday.
- SGX Nifty might be higher because Hong Kong market is up 3%.
- China markets are up 5%.
- This is providing a positive boost to SGX Nifty.
- Expect markets to consolidate within a band.
- There's not much news flow awaited.
- Nor there are any events in sight.
- Bank Nifty was the star of the show yesterday.
- Yesterday even I was surprised to see such outperformance by Bank Nifty.
- Range for Nifty is 17950 -18200.
- Bank Nifty is 41000 to 42000.
- Trading at the boundaries of the range provides good risk reward Opportunities.
- Nifty might Trade between 17950-18200 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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