- U.S Markets closed lower yesterday.
- Right now Dow futures and Asian markets are mixed.
- SGX Nifty is at 17300.
- Ahead of FOMC meeting Market is under pressure.
- Markets can handle good news , bad news but cannot handle uncertainty.
- Yesterday Nifty fell from high of 17630 to 17350.
- This is a big fall Intraday.
- FII's are the reason behind the same.
- Yesterday FII's have sold for more than 2700 crores.
- Nifty closed below it's important support of 17400.
- Now next support is at 17200-17250.
- 17600 CE has the highest open interest in weekly options.
- Markets would continue to remain volatile until clarity emerges.
- Yesterday the Broader Market was doing well.
- Advance- Decline ratio was favourable and Midcaps were slightly lower
- Only the Index heavyweights were under pressure.
- It was a concentrated selling by FII's in index heavyweights.
- Nifty might Trade between 17200 to 17500 today.
- One can look to buy this gap down with a stoploss of 17200.
- 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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