- US markets closed Mixed on Friday.
- But Asian are Trading Positive.
- SGX Nifty is up 50 points and trading near 11500.
- SEBI Regulations have forced Mutual Funds to allocate Sufficient Percentages equally to Midcaps and Small Caps stocks.
- Large Cap funds need to funds 25% in Mid and Small Caps.
- The time given to shift according to this method is by 1st January 2021.
- Will there be a sell off in large cap stocks due to this Regulation?
- Today we need to watch out the same.
- FIIs continue to buy in Cash Market.
- DIIs continue to sell.
- They have sold for more than Rs 700 crores.
- This Market is trading nowhere since last Month.
- Going up , going down but coming back to its mean level of 11500.
- But Markets have been Very Volatile within this period.
- The next big event for the Market is U.S Presidential Election.
- It's impact will be started to seen within a Month.
- Guess that Markets are waiting for clarity to unfold.
- Reliance won't let Nifty fall a lot.
- So Nifty trend is Bullish.
- Bank Nifty on the other hand is Struggling but anything is possible in Bank Nifty.
- It can turn around in Minutes.
- Market will give proper levels for both buyers and sellers to Trade into.
- Just pick one side of the trade and go with it.
- Nifty might Trade between 11380-11560 today.
- stockmarketadvisory.in
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