- 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.
- U.S Markets have fallen 4% in anticipation of Fed meeting so I feel negative news has been factored in.
- Today we might have some upside in U.S Markets.
- Fed has always been pro Market after the Lehmann brothers collapse.
- It's less likely they would come out with something very negative and disrupt the Markets.
- FII's have sold for 750 crores yesterday and hence Market was stable.
- FII's will be going inactive in last part of December.
- So we can expect volumes to reduce going ahead.
- Today we can expect an inside day within yesterday range on Nifty.
- Yesterday Midcaps and small caps closed in green.
- Only due to FII selling large caps were under pressure.
- 17400 CE added huge open interest yesterday.
- So Nifty might face stiff resistance in the range of 17400-17450 today.
- Yesterday's low of 17230-17250 should act as a good support today..
- Nifty might Trade between 17200 to 17450 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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