- US markets closed lower yesterday.
- Asian markets are also lower.
- SGX Nifty is down by more than 100 points.
- New Corona Virus and Senate Election for two seats are the reasons for huge profit booking.
- These issues leading to a big fall.
- Yesterday the Markets were quite Volatile.
- From a big gap up it got immediately sold into but also recovered by EOD.
- Markets all over the world are trading near all time high.
- So any negative news, markets can fall 5 to 10%.
- Time to be cautious now.
- Here in India, IT stocks did very well.
- Most IT stocks hit fresh all time high.
- Metal index was up 5% yesterday.
- Though Nifty fell 200 points intraday, entire loss was recovered to close at higest point of the day.
- Usually that is a bullish sign.
- But since US markets fell, SGX Nifty indicating about 100 points gap down.
- Bank Nifty future closed more than 150 points premium to spot price.
- This Indicates Bullish signs.
- Midcaps and small caps out performed.
- Banking is the only sector that closed flat.
- Yesterday Bank Nifty was flat but Nifty closed higher.
- FIIs are net buyers for about Rs 1500+ crores.
- DII's are net sellers for 4th month now.
- U.S Markets have recovered quite well from lows.
- So today will be interesting day to watch out.
- If we defend 14000 then we might close higher but if we go below yesterday's low in first hour then selling pressure will accentuate.
- Nifty might Trade between 13980-14220 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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