- US markets closed higher Yesterday.
- Asian Markets have also recovered their losses.
- Dow , S&P 500 and Nasdaq all closed higher.
- Right now U.S futures are also slightly higher.
- SGX Nifty is trading around 14850.
- SGX Indicating a significant gap up today.
- Yesterday we witnessed weakness ahead of expiry.
- Weakness was majorly due to HDFC twins.
- Both HDFC Ltd & HDFC Bank underperformed significantly.
- Due to these 2 stocks Nifty fell 100 points.
- HDFC Bank was facing Net Banking issues and previously they were warned by RBI that unless these issues won't be solved they won't be able to launch other products and provide other services.
- This triggered big sell off in these stocks.
- Yesterday FII's were net sellers but DII's were net buyers.
- Going ahead I feel that Market is going nowhere.
- After fantastic rally in Mid 2021 March was the first month where Markets fell all over the World.
- Now Markets are Consolidating.
- Remember , Consolidation always happens with Volatility.
- On a daily basis Nifty and Bank Nifty are making more than a percent moves.
- Today I expect Markets to be Volatile between 14650 & 14950.
- Do not expect any significant one sided moves today.
- Markets on a close to close basis will be more or less flat.
- Nifty might Trade between 14740-14980 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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