- U.S Markets closed mixed on Friday.
- Right now Dow futures & Asian markets are lower.
- SGX Nifty is higher by 40-50 points.
- Indian Market is in a consolidation mode.
- 17000 to 17500 is the range and this consolidation is with huge Volatility.
- Big one sided trend would develop only once this range gets taken out.
- Until then this would continue to be a ranging Market.
- The War is worsening day by day with no signs of compromise / settlement yet.
- There have been many attempts of peace talks but all have been in vain.
- All this have kept the markets highly volatile.
- Commodity prices have been changing 3-4 times a day with moves.
- Previously , there used to be hardly 1-2 % change.
- Imagine the plight of business traders dealing in steel etc.
- PVR and Inox announce merger to form India's biggest multiplex chain.
- While this merger is looking beneficial for Inox shareholders as it's at a premium of 17%.
- The important point here is would they get the approval of competition commission.
- I think it's quite difficult as this merger would cause an effect on competition.
- Bank Nifty is underperforming as compared to Nifty as crude keeps rising
- Financial stocks keep taking the hit.
- For whole of 2022 , Market has gone everywhere , been highly volatile but on close to close basis it's just flat.
- 17200-17300 was the Jan 1 level and today also we are at the same.
- Nifty might Trade between 17000 to 17300 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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