Consolidation!! (28th Feb 2024)

1. U.S Markets closed lower yesterday.

2. Right now , Dow Futures are slightly lower.

3. Asian markets are down.

4. Gift Nifty is indicating a gap down opening.

5. Gap down is not much its just 20 points.

6. Markets have been behaving quite boring this expiry.

7. There is absolutely nothing going on.

8. Nifty is trading within 100 point range.

9. It's unable to close above 22200 or below 22100.

10. Although yesterday, it tried to close higher but we were short of time.

11. Westlife Food world which is McDonald's based company.

12. They have been under the radar of providing vegetable cheese instead of real cheese.

13. This isn't the first instance with mcdonalds

14. They have made such mistakes quite a number of times in the past.

15. As we closed at higher end of range yesterday.

16. We might actually see some more rally.

17. Once sustained above 22200 we could witness 22300 & 22400 on this expiry itself.

18. Bank Nifty had been underperforming nifty

19. Nifty might trade between 22100 & 22300 today.

20. stockmarketadvisory.in

Comments

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