- U.S Markets closed higher yesterday.
- S&P 500 hit a fresh all time high.
- SGX Nifty is trading at 17200.
- Both the U.S Market futures and Asian markets are slightly lower now.
- Yesterday it was a highly volatile day.
- Nifty fell nearly to 16800 in first hour.
- Then shot up nearly 250 points from lows to close at 17100.
- Today another 100 point gap up is on cards.
- So the Market is making life highly difficult for positional traders.
- Intraday traders finding it a bit easier to handle the same.
- FII's have sold just over 1000 crores yesterday.
- Because of year end there are very low volumes of indices and stocks
- Any small sell / buy order is creating large moves.
- RBL Bank panic caused the first hour selling yesterday.
- But immediately the Market saw some stability at lower levels.
- This huge gap up today I don't think could be sustained.
- 17150 , 17200 is an immediate resistance so this should negate the rally.
- If we sustain over these levels for 30-45 mins then we could continue the momentum on upside.
- Nifty might Trade between 16900-17250 today.
- stockmarketsdvisory.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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