- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower right now
- SGX Nifty is down 40-50 points.
- Markets in last 1 week have rallied more than 800 points.
- There was a rally across the Globe markets.
- We participated in that too.
- At the beginning of the month FII's short positions were 80%.
- Now it has come down to 55%.
- They have covered their aggressive short bets.
- Perhaps because of the same there was a huge rally on the upside.
- This raises an important question.
- As FII's have covered most of their aggressive short bets.
- Is the rally of the upside capped in near term?
- Else will the rally keep continuing.
- I sense the Market might consolidate/ trade sideways from here on.
- 16400 to 16800 I sense would be the range of short term consolidation.
- Then we decide what goes on from there.
- Continues rally and steep fall after large rally both aint good In the long run.
- There were many results decalred over the weekend.
- Infy & Reliance results were okay- ish.
- We will also be having Fed event on Wednesday.
- Markets might remain jittery going into the event.
- ICICI Bank was once again quite spectacular results.
- Nifty might Trade between 16540 to 16800 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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