- U.S Markets closed mixed on Friday.
- Asian Markets and Dow Futures are flat now.
- SGX Nifty is Trading near 18150.
- Markets have been super volatile from last 4 trading sessions.
- Nifty has corrected 550 Points from 18600.
- Bank Nifty keeps hitting fresh highs.
- There was a time when Nifty was hitting fresh highs on regular basis.
- Bank Nifty was flat.
- Now the tide has changed and money is flowing to Banking stocks.
- ICICI Bank over the weekend has declared box office results.
- Reliance results were good as well.
- The problem for the Market is FII selling.
- FII's have been selling very aggressively from last 4 trading sessions.
- Selling more than 2000 crores on a daily basis.
- This is causing a negative sentiment in our Markets specially in Nifty for a short term.
- The issue is many traders have been stuck at higher levels as they have been used to such corrections
- Also this is one of the longest corrections in last one month.
- Expect Markets to remain volatile and also there are many results lined up this week.
- There is huge call writing at every level of 18200 , 18300 , 18400 etc.
- Market might be Volatile between 18050 to 18200.
- Nifty might Trade between 18000 to 18300 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...
Comments