- U.S Markets closed lower on Friday.
- Today U.S Markets are closed.
- Asian Markets are trading lower.
- SGX Nifty is down 70 Points.
- On Friday our Markets have crossed all time highs and unlike before we have sustained at those levels.
- This shows strength in our Markets.
- Another major development was India VIX fell by 10% on Friday as soon as Market opened.
- This shows that the fear is going down.
- India VIX now is Trading below 18.
- So the option premiums are low and markets might not make big moves either side.
- RBI has levied ₹10 crore penalty on HDFC Bank.
- Although this amount is not big for a Bank having a size of 8 lakh Crores.
- In short term this might be some negative sentiment.
- This is still a buy on dip Market and we might Consolidate for some time now.
- While Nifty has crossed all time highs Bank Nifty is still 2500 Points away from its highs.
- Bank Nifty might underperform for 1-2 days but when it turns around it goes big.
- So keep accumulating dips as big move might be round the corner.
- On Friday Nifty was up 100 Points out of which Reliance led Nifty higher by 90 points.
- Reliance was up 6% on Friday.
- If Reliance wouldn't have been there we might have closed flat.
- Also from tomorrow Intraday leverages are coming down so it might effect Volumes.
- Im planning to watch how does this impact the Market and then trade.
- 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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