- U.S Markets closed lower yesterday.
- U.S Inflation data has come at a multi decade high of 6.2% for October.
- This is the highest number in last 30 years.
- Dow futures and Asian markets are currently higher now.
- SGX Nifty is trading at 17960.
- Nifty is consolidating within a range of 17800 to 18100.
- Within this range it's been trading with high Volatility.
- Markets are waiting for some fresh triggers to give a fresh move.
- FII's have been consistently selling since October End.
- The magnitude has reduced than before but selling has not stopped.
- Yesterday due to Reliance Market was stabilized.
- Reliance seems to have bottomed out near 2500-2480.
- Before results it was near 2750 but witnessed profit booking and came to 2500.
- Reliance is an index heavyweight and a very important component for Nifty.
- Zomato has come with its results yesterday and it worsens every quarter.
- Losses increase to 500 crores in a quarter.
- A loss making start up acquires stake in other profit making start ups to reduce losses.
- I don't understand this start up saga and it's better to stay away as the valuations are through the roof.
- Nifty might Trade between 17880 to 18050 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