- U.S Markets closed lower yesterday.
- Nasdaq has fallen more than 1000 points in just a week.
- Asian markets are now lower.
- SGX Nifty is down 150 points.
- We are again having a huge gap down today.
- Global markets are under pressure because of high inflation and rising bond yields.
- Today , U.S Inflation is set to be out and also we will have india inflation data as well.
- U.S Inflation is expected to be at a 40 year high of 8.2%.
- Indian Inflation at 6.4%
- For this whole year , Inflation and rising bond yield fears will be troubling us.
- This is not going to be an easy year to make money.
- Midcaps have been outperforming this month compared to Index.
- Midcap index is up 4-5% for the month whereas Nifty is up 1-2%.
- This shows that broader markets are doing much better compared to Index.
- TCS declared results yesterday and the street doesn't look too happy about it.
- Also Nasdaq crash will have IT stocks under pressure.
- The main problem for us is HDFC twins.
- As and when FII's wish to sell , they target these both stocks.
- These are index heavy weight stocks and they are falling rapidly.
- This is keeping index under pressure.
- Today's Inflation data and U.S markets reaction on the same will be very important.
- Most of the times , all the negatives get factored in before the event and when actual event is out markets go up.
- Today this is a possibility.
- Nifty might Trade between 17480 to 17680 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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