- US markets ended Flat Yesterday.
- Asian Markets are Trading Negative.
- SGX Nifty is Trading near 11510 & down by 100 Points.
- Just a Month to go for the U.S Presidential Election.
- This will be a major event for the Markets and will decide the Future course of Action.
- Currently we are Consolidating with a positive bias.
- U.S Fed made an Important Announcement Yesterday that there would be low interest rates for next 3 Years.
- This is a positive thing for Equity markets as low interest rates increase Liquidity in the Markets and fusion additional cash.
- IT Stocks and Reliance are Trading at fresh all time highs.
- Pulling up Nifty higher.
- Bank Nifty is still very very weak.
- Was up only 0.5% Yesterday while Nifty was up more than a Percent.
- Clearly Money is not chasing the Financial Stocks as of now.
- Markets can continue to be Irrational more than what you can imagine.
- Today is weekly expiry so Expecting some Volatility going ahead.
- Bank Nifty in itself will be highly Volatile today.
- I do not think Markets will make any Big Moves today.
- But sudden big Moves will chop you on both sides.
- Option writers should play the range.
- Nifty might Trade between 11480-11600.
- 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...
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