- U.S Markets closed lower Yesterday.
- Right now Dow futures are slightly higher.
- SGX nifty is indicating a 50 point gap up close to 16130.
- Asian markets are mixed.
- I do not know why SGX Nifty is up today.
- This might be due to cooling off in Crude Oil prices.
- Crude oil is now close to 100$ / barrel.
- Falling Crude Oil prices is positive for our Economy.
- As we are the highest importers of oil.
- Also the markets have been trading in quite narrow range.
- 16000 to 16250 is the range for Nifty.
- Volatility has reduced and also option premiums are at very low prices.
- One bigger move could easily make 2-3X gain in option prices.
- 16000 is an important support for Nifty.
- 16200 is likely to act as resistance.
- Within this range expect Nifty to be volatile.
- Bank Nifty looks quite solid compared to Nifty.
- TCS underperformance is effecting IT sector.
- Do not much downside from here in IT.
- Nifty might Trade between 15980 to 16220 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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