- U.S Markets closed higher Yesterday on Friday.
- Dow futures are slightly positive.
- Asian Markets are currently higher.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading above 15900.
- On Friday , we closed almost at record highs.
- Significant development was the outperformance of Banking Stocks.
- Bank Nifty outperformed Nifty by a huge margin on Friday and closed almost 2% higher.
- Bank Nifty Future has broken out above 35500.
- If we Sustain above this level for some time then the rally should continue.
- Reason for Nifty Underperformance is Reliance.
- Reliance is down 6% in last few trading sessions.
- Once Reliance settled and bottoms out then Nifty will fly.
- Global Markets are also Positive overall.
- The Sentiment and the Underlying tone is Bullish.
- July series we have many important events lined up.
- Companies are going to declare their results.
- In the Month of Corporate results Declaration we can expect Markets to make big move on the either side.
- U.S Inflation data has also come lower than anticipation is also a positive news.
- Delta Plus Variant spreading faster than ever plus new restrictions in Maharashtra is a negative news.
- Nifty might Trade between 15820-16020 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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