- U.S Markets have recovered most of its losses yesterday.
- Right now U.S futures are trading higher.
- SGX Nifty indicating a gap up 60-70 points.
- Asian Markets are also higher.
- Yesterday's price action of U.S Market indicates that the Temporary jitter due to Fed policy has subsided.
- U.S VIX was down 5% yesterday.
- I feel Fed rate hike is behind us.
- Also Fed is going to increase quarter percent and in next year which I do not think is a much issue.
- There is just some panic and reaction is knee-jerk.
- Bank Nifty took support as it's lower range of 34500 yesterday.
- This is likely to act as a good support in coming days.
- We are still in a Bull Market and every dip is a buying opportunity.
- Always Remember the larger the dip the bigger the rally.
- As dips always intice short positions and many short positions gets build up.
- These short sellers will take Market higher and lead to short covering.
- Yesterday due to Weekly expiry there was high Volatility.
- Important point was Market didn't break important support levels.
- This is the positive we can take out.
- Yesterday all the Adani Group Stocks fell Uniformly.
- That's why I always say to be away from such stocks.
- A 3-4% move against you and you will be out.
- Technical Analysis , Charts etc don't work when there's news.
- Nifty might Trade between 15620 to 15860 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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