- U.S Markets closed lower Yesterday.
- During our Trading hours , U.S markets were lower by 1.5% on all Indices.
- This was due to rise in Bond Yields and Crude prices.
- Dow futures and Asian markets are lower now.
- SGX Nifty is down 20-30 Points.
- Yesterday during trading hours news broke out that FM Nirmala Sitharaman is going to address an Important economic issue
- People were anticipating some reforms due to COVID.
- But it was actually more of Political one than Economical.
- This has even more dented the sentiment of investors.
- Bajaj Finance came up with excellent results yesterday.
- Yesterday was a high volatile trading day.
- Nifty tested 18350 and then reversed significantly.
- Today as well there would be weakness in the Markets
- 18000 is a strong support both on weekly and monthly basis.
- This should provide cushion.
- 38000 is a strong support on Bank Nifty.
- We are likely to open near 38k on Bank Nifty.
- Texture is weak now until global Markets recover.
- Nifty might Trade between 18000 to 18200 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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