- U.S Markets closed 650 points higher on Friday.
- Nasdaq was up around 2%.
- This was a broad based rally in the U.S Market.
- This should give you a hint as to what the markets are anticipating.
- The day U.S Inflation was announced at 9.1% markets were jittery.
- For 2 trading sessions markets went all over the place.
- After that market started to stabilize.
- This shows market is expecting a reduction in Inflation numbers nect Quarter.
- Hence it is being discounted already.
- Markets work much more faster and discounts future anticipations quickly.
- Asian markets are higher.
- SGX Nifty is close to 16200.
- 16250 was the swing high for Nifty.
- Closing above 16200-16250 should open up the doors for 16400.
- U.S VIX crashed 6% on Friday.
- India VIX fell below 18 on Friday after nearly 3 Months.
- This shows there is not much downside left.
- Chances of market going higher are more slowly and steadily.
- FII's are still net sellers but the amounts have reduced.
- Previously they used to sell close to 3000-4000 crores on a daily basis.
- But now it has dropped to 1000 crores on an average.
- This itself is a positive sign for the Bulls.
- Nifty might Trade between 16080 to 16320 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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