- U.S Markets closed flat Yesterday.
- Asian Markets are also Flat.
- SGX Nifty at one Point was higher by 250 Points.
- Right now it's higher by 100 Points.
- TCS in spite of positing good results was down 5%.
- This is because these stocks have already rallied a lot.
- So now Profit booking takes place in these counters.
- Infosys came out with results Yesterday.
- But Infosys ADR is down by 6% in U.S Market.
- Meanwhile India continue to record highest Corona Virus cases.
- Maharashtra has anniunced a lockdown.
- SGX sometimes is a misleading Indicator as it tracks only the Global data.
- Local cues are being ignored in SGX Nifty and the real Position we get to know only after Market opening.
- If we open 100-150 points higher then I do not see risk reward favouring a buy.
- It is a good shorting Opportunity that can be done via this gap up.
- Expecting Markets to be Bearish / Neutral for this Expiry.
- Nifty might Trade between 14440 - 14680 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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