- U.S Markets closed 480 points higher yesterday.
- Dow futures and Asian markets are mixed now.
- SGX Nifty is trading at 17340.
- Yesterday we had a big short covering rally in our Markets.
- Some news paper reports suggest that FII's have received legal notices related to tax issues.
- Also they are not happy with T+1 settlement rule to be implemented by SEBI.
- Hence FII's are selling in such huge quantities.
- DII's are ready to support the Market.
- This is creating some high Volatility and making trading almost impossible.
- Yesterday we had 300 point rally in spite of which FII's have sold 2500+ crores.
- At any point of time again this selling may resume.
- In such Volatility it's better to stay out or to trade with 1/5th of your normal volume.
- Bank Nifty has shot up 1000 points yesterday and is supporting Nifty as well.
- In 2019 , similar situation happened and FII's started to sell aggressively.
- Nifty fell from 12000 to 10700 is no time.
- It was a mini Bear Market and then Nirmala Sitharaman reduced the Corporate Tax percentage and Market shot up.
- Today we also have RBI Policy lined up and this will add to Volatility.
- It's better to stay out for some time and wait till this issue subsides.
- Nifty might Trade between 17100 to 17400 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