- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mixed.
- SGX Nifty is down 30-50 points.
- Friday was a Disappointing close for the Bulls.
- Market opened with a big gap up and then eventually closed at the lowest point of the day.
- Trading is within a range of 16400 to 16800 for Nifty.
- Market is making big swings with huge Volatility.
- Similarly previously it was trading between 15750 to 16400 in May month.
- I expect market to trade within this range for this week as well.
- U.S jobs showed fantastic growth but still market closed lower.
- This shows the sentiment is very weak
- When people sell into Good news that means traders want to exit longs immediately.
- This happens in a Bear market scenario.
- In spite of Nasdaq crashing 2% on Friday CBOE VIX was flat.
- This indicates the panic and majority of negative news flow has been discounted.
- Expect RBI not to give any more shocks on coming Wednesday as we have the RBI policy coming up.
- Expectations are between 25 to 50 basis points hike.
- Anything above this will cause a negative sentiment.
- Reliance is the lone Hero for Nifty rally.
- It's up 14% in Last 2 weeks.
- Bank Nifty has weakened in short term
- Bank Nifty and hdfc twins have to catch up for market to rally from here.
- Nifty might Trade between 16450 to 16700 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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