- U.S Markets closed lower Yesterday.
- U.S Markets are down for 5 trading sessions out of last 6 sessions.
- Whereas Indian Markets are up for straight 5 sessions.
- Right now Dow futures and Asian markets are higher.
- SGX Nifty is flat near yesterday closing.
- Yesterday was a fantastic rally in our markets.
- It was a stable Market and a slow and steady rally.
- This was due to major contribution by HDFC group stocks.
- Both HDFC and HDFC Bank led yesterday's rally.
- Mid caps were underperforming throughout the day
- It was the large caps which kept Nifty in check.
- We have fed meeting on Thursday and that's why U.S markets are jittery.
- Because of higher Inflation , FED is expected to increase rates.
- This is leading to a fear in the markets.
- Yesterday india VIX kept inching higher.
- It was higher throughout the day.
- Put options were not falling proportionately whereas call options kept rising.
- Expecting markets to test 200 DMA today near 16950.
- Yesterday we did cross 20 DMA of 16850 and closed above this.
- If we cross 200 DMA then I would become bullish.
- Nifty might Trade between 16700 to 17000 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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