- U.S Markets closed mixed yesterday.
- Right now Dow futures slightly lower.
- SGX nifty is higher & trading at 15750.
- Yesterday it was majorly a Consolidation in the Global markets.
- Asian markets are slightly lower.
- After such a huge short covering rally consolidation is necessary to keep momentum intact.
- So this looks more of a consolidation and not of a trend reversal
- U.S GDP data is going to be out tomorrow.
- Perhaps market is waiting for the same and hence theres cautiousness.
- Most importantly , U.S VIX fell yesterday.
- In spite of U.S VIX falling , India VIX keeps on going higher.
- Yesterday as well in a Bullish market India VIX was higher.
- In U.S the VIX falls gradually but in India it doesn't fall for few days and then goes down at one go.
- FII's are on a selling spree and now almost every market participant knows the same
- Bank Nifty underperformed Nifty yesterday.
- This is because bank Nifty has outperformed Nifty in the last week
- So now a profit booking was on cards.
- As long as 15700 holds , uptrend is intact.
- Major downside only below 15700 for Nifty.
- Nifty might Trade between 15700 to 16000 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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