- U.S Markets closed higher yesterday.
- Asian markets are mostly higher.
- Dow futures are slightly higher right now.
- SGX Nifty is up 100 Points.
- Yesterday it was a volatile trading session in U.S Market.
- Yesterday was the most important Inflation numbers to be announced in U.S
- Expected Inflation was 7.3% but it actually came at 7.1%.
- As Inflation numbers came at lower than expectation this triggered a huge rally.
- Dow was up 800 Points at one point of time.
- Nasdaq was up 4%.
- During the day all these indices turned negative.
- Just to close higher slightly.
- It was a intense volatile trading day yesterday.
- Maybe market participants are waiting for Fed comments today
- This is why they must have been cautious yesterday.
- Today all the eyes would be on Fed decision.
- Bank Nifty is heading towards 45k.
- Banking stocks are leading the rally.
- Nifty might trade between 18580 to 18820 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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