- U.S Markets closed higher yesterday.
- For the first time after many days we had a positive closing yesterday.
- Dow futures right now are slightly higher.
- Asian markets are mixed.
- SGX Nifty is up 10-20 points.
- Yesterday was again a disappointing day for the Bulls
- Nifty again closed at the lowest point of the day dragged by HDFC twins.
- These both stocks have been making markets highly volatile.
- FII's were selling from a couple of days but their selling amount was not that large.
- Yesterday we had a 5000 crore number from FII.
- This was evident from the price action we had witnessed yesterday.
- From the day Honourable FM gave a statement indirectly saying FII's are not thay relevant & praised retailers.
- These FII's have started to show true colour.
- They have been selling on a daily basis from that day.
- Most important event today is the RBI policy.
- I feel markets have factored in negatives in the last 3 days fall.
- Today I expect RBI to maintain status quo.
- So we might have some rally today.
- Also 17600 is a strong support.
- I will turn cautious only if Nifty closed below this level.
- Nifty might Trade between 17580 to 17800 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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