- U.S Markets closed lower Yesterday.
- Right now , Asian Markets are flat.
- SGX Nifty is at 17880.
- We are likely to have a gap down opening today.
- 17800 PE added high open interest yesterday.
- This should be a strong support for the Markets.
- Dips should be bought into with a stoploss of 17800 on Nifty.
- Bank Nifty outperformed Yesterday and took Nifty higher.
- IT index fell 3% yesterday still Nifty managed to cross 18k.
- 17800 to 18k is the range for Nifty in short term.
- Expecting some recovery in the IT Sector from here.
- TCS results were good but the street expectations were too high.
- Tomorrow , Infosys is coming with the results and that's going to be an important event for the Markets.
- Sectoral Rotation has been happening and money is being from IT sector to Banks.
- That's the reason of outperformance of Banks yesterday.
- 18000 CE continues to have high open interest inspite of nifty crossing 18k yesterday.
- Nifty might Trade between 17800 to 18040 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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