- US markets closed Lower Yesterday.
- A Normal profit booking after a Fantastic rally.
- Markets are Consolidating now.
- Asian Markets are all Trading lower.
- SGX Nifty is Trading near 11870.
- Down by about 50 points.
- 12000 as acting as a stiff resistance now.
- At least for a short term.
- Once this breaks then look to initiate longs.
- Until then look to build Positions towards down side.
- Wipro declared results today.
- But they were not as per Street Expectations.
- Stock has already Rallied and doubled in last 2 Months.
- Expecting some profit booking here.
- IT stocks have entered into profit booking mode.
- Corona Vaccine is not going to come at least for next 3-4 Months.
- Many Research Agencies have paused Trials after getting Negative Results.
- FII's have been buying continuously for last 10 days now.
- Whereas DII's are booking profits.
- Expecting a few weeks on Consolidation in the Markets.
- We have run up too fast.
- Nifty might Trade between 11780-11960 today.
- 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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