1. U.S Markets closed higher Yesterday.
2. Right now Dow futures are higher.
3. U.S Markets hit yet another fresh all time high yesterday.
4. Asian Markets are higher.
5. U.S VIX crashed 4% Yesterday and now near 19.
6. Gift Nifty indicates a 110 point gap up.
7. Yesterday markets closed at the highest point of the day.
8. This shoes the strength of the market.
9. Also this shows continued uptrend in the markets.
10. Crude OIL is the main reason for market stability.
11. Crude Oil has fallen 5% in last 2 sessions.
12. Which is a big positive for India.
13. Reliance has declared good numbers yesterday.
14. Dmart numbers were ok but the Valuations were too high.
15. This was the reason the stock crashed yesterday.
16. Bank Nifty looks quite strong compared to Nifty currently.
17. 25000 is an immediate support now.
18. 24700 is a bottom now we can say that safely.
19. Only worry now is the Hyundai iPO.
20. In the past whenever such big IPO's have come they have stalled the market rally.
21. As these IPO's squeeze in big liquidity.
22. Nifty might trade between 25000 to 25400 today.
Comments