- U.S Markets closed higher yesterday.
- Asian markets are mostly mixed.
- Dow futures are slightly lower right now.
- SGX Nifty is up 30-40 Points.
- Yesterday it was a volatile trading session.
- As soon as Markets opened , there was a heavy sell off.
- Nifty even broke 18400.
- After getting close to 18350 , markets recovered.
- Yesterday the resistance was at around 18500.
- Once 18500 Is crossed and we get a closing above 18500 , the range would once again shift from 18500 to 19000.
- Yesterday our IIP & Inflation data were announced.
- IIP reduced by 4% which is not a good sign.
- Inflation also came in at below 6%.
- It's a mixed bag kind of news.
- One is Positive and the other one is Negative.
- Today we have the U.S Inflation numbers.
- Inflation in U.S is also expected to cool off.
- Tomorrow would be the Fed meet.
- Fed comments relating to Inflation etc should also be watched closely.
- Yesterday, Nifty went everywhere but closed at the same level as of Friday.
- Nifty might trade between 18400 to 18700 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...
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