- U.S Markets closed mixed yesterday.
- Asian markets were mixed yesterday.
- Right now , dow futures are lower.
- Asian markets are also lower right now.
- SGX Nifty is down 40-50 Points.
- Yesterday the star of the show was IT index.
- IT index was higher more than 2% yesterday.
- Now the money is shifting from Banking stocks to IT stocks.
- All this while it was exactly the opposite.
- I sense that markets have run up too fast too quick.
- A minor correction / profit booking would be healthy
- Markets moving in a straight line is always unhealthy.
- As and when the correction comes it could be destructive.
- Minor profit booking helps the market texture going forward.
- India VIX is significantly below 14 now.
- Yesterday there was a bit higher Volatility than normal days.
- Markets top out or bottom out with Volatility.
- 18900 should be difficult to cross in the short term.
- Nifty might trade between 18700 to 18900 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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