1. U.S Markets closed higher Yesterday.
2. U.S Markets are trading at their all time high on daily basis.
3. S&P 500 is now at 5k.
4. This has been a stellar show across the globe.
5. We have an Election Year in the U.S as well.
6. As you might not be aware more than 45% U.S citizens invest in stock market.
7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher.
8. Government and FED will do what all they can to keep pro markets
9. Bank Nifty showed signs of comeback yesterday but the rally failed again.
10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs.
11. Once a trend develops in the markets it can go on for a long time than expected.
12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps.
13. Most of the large caps have disappointed.
14. Star of the pack is the Tata group companies.
15. Firstly , Tata motors surprised us with phenomenal results and yesterday Trent.
16. Everyday has been talking about Adani group stocks creating big wealth.
17. Tata group stocks have created the most wealth for shareholders.
18. 21850 to 22050 is the range for today's expiry.
19. Nifty may hover within this range for today's expiry.
20. We are in a reversing and sideways market.
21. So dips have to be bought whereas strength and rally needs to be sold.
22. Nifty might trade between 21850 to 22150 today.
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