- US markets closed more than a Percent lower Yesterday.
- Trump has halted the second Stimulus.
- He Announced that Stimulus will be given a consideration after November Elections.
- But Asian Markets are mostly Postive.
- SGX Nifty is around 11700.
- Trump halted Stimulus talks.
- There has been a one way rally for Nifty from 10800 to 11700 is less than 10 trading sessions.
- 11800 was the recent high made by us if this gets broken then 12000 is the target.
- But I think it would take some time and wont happen Instantly.
- In this low Liquidity and Volatile Market delivery option selling is quite risky.
- Better to close Positions Intraday.
- The view remains strong buy on dip on both indices.
- Specially for Bank Nifty as it has been Underperforming from quite a long time.
- Also be prepared to handle Volatility.
- Shorters can explore short trade near 11800 on Nifty as that would be a huge resistance.
- FII's have turned net buyers.
- When they turn into buying mode after continue selling then such magic happens.
- IT sector looks on phenomenal Bull run.
- This is to be entered on Every dip and Consolidation.
- Yesterday markets shot up in last hour and broke resistance of 11600 which is a sign of strength.
- Nifty might Trade between 11640-11820 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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