- U.S Markets closed at record highs yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 17880.
- The talk of the town is IRCTC.
- Government has announced that IRCTC has to share 50% of convenience fee with Govt.
- The stock is in split and shares have not been credited yet to demat.
- This sudden news will cause a panic in the Market.
- People invest in the company looking at its management and Trust .
- IRCTC was preferred because of its Monopoly and no intervention in Corporate Governance.
- This change will hit a big damage and impact the reputation of the Management.
- October Expiry was the worst for Bulls.
- Markets crashed Yesterday due to heavy FII selling and also Expiry related issues.
- 17800 is the critical level for today.
- If we close below 17800 today then it's time to become bearish in the short run.
- If we manage to hold on today then we can expect stability going forward.
- Traditionally November is a very good month for Bulls.
- Last 3 Years November has given positive returns.
- Last Month it was 11% return in November for Nifty.
- Nifty might Trade between 17800 to 18000 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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