- U.S Markets closed mixed yesterday.
- Right now Dow futures are higher.
- Asian markets are lower.
- SGX Nifty is up 20,30 points.
- Yesterday was a volatile expiry.
- Market kept falling since open.
- As soon as Nifty broke 17900 it's support level , the selling intensified.
- India VIX was 7% higher yesterday during the day.
- The final 30 minutes witnessed good amount of short covering.
- Nifty took support around 17800 yesterday.
- As I've been saying 17800 to 18100 is the range currently.
- Market is trading with huge Volatility in this range.
- Market is weak specially the Bank Nifty.
- Bank Nifty hit an all time high of 41800 in October end.
- Now it's at 38500.
- Down more than 10% because of inflation fears.
- The sentiment is negative now as we haven't a closing above 18100 for Nifty.
- At lower levels short covering is saving the Market from collapsing.
- Else the situation would've been much worse.
- Expect the range to continue for some more time.
- Nifty might Trade between 17800 to 18100 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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