- U.S Markets closed at record highs Yesterday.
- More than 80% of the U.S Companies have declared better than expected results.
- Asian Markets are mixed.
- SGX Nifty is up 30,40 points.
- Yesterday we opened above 18200 but within minutes markets crashed.
- 18000 was broken for a brief amount of time and Market touched 17950.
- Then we had witnessed a sharp recovery from those levels.
- Reliance in spite of declaring good results seemed dull yesterday.
- ICICI Bank was the star of the show.
- Up more than 10% yesterday and single handedly took Bank Nifty higher.
- Bank Nifty at a brief moment was up 1300 Points.
- Profit booking was witnessed after that and it closed 700-800 points higher.
- Yesterday HDFC Bank was down more a percent.
- This is a classical Market situation where one business captures Market share from other.
- HDFC Bank was the most loved FII stock but since Aditya Puri resigned it has lost its Mojo.
- Money has now been shifting to ICICI and Axis.
- Bank Nifty still has enough legs to cross 42k by this expiry.
- Nifty might remain sideways between 18000 to 18250.
- It might Trade within this range but with high Volatility.
- Midcap stocks have been falling apart from past few trading sessions and that's a very good sign.
- There was a lot of froth in the midcap space and that's been corrected now.
- I still believe decent Midcaps would do very well but every stock won't run up as we have been witnessing.
- One needs to be very careful while picking stocks.
- Nifty might Trade between 18000 to 18250 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