- U.S Markets were lower Yesterday.
- Asian Markets were down Yesterday.
- Right now Dow Futures and Asian Markets are higher.
- SGX Nifty is trading near 17650 now.
- Yesterday it was a highly volatile trading day.
- Nifty opened above 17900 was down 300 Points to 17600 and recovered 150 Points during the end.
- India VIX was higher Yesterday as well.
- Monthly expiry is always volatile.
- Futures , Options Contracts all expire at once and that causes indicisivess.
- The reason was such large fall at Intraday was due to Bond Yield rising.
- 10 Year bond yield was up by ₹1.5 yesterday.
- When Bond Yields rise people shift money from Equity to Debt Instruments.
- Plus crude oil also crossed 80$ / Barrell.
- Bond Yield issue was there even in the month of March 2021 and Markets reacted violently then.
- I don't expect the reaction to be much fierce for now.
- Markets won't react twice for the same stuff.
- Expecting Nifty to expire between 17600 to 17900.
- This should be the trading range for today and tomorrow.
- Nifty might Trade between 17600 to 17900 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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