- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly lower right now
- SGX Nifty is flat.
- Yesterday as well it was a very flat day.
- Nifty traded within a small range of 16560 to 16700.
- This might be because markets are now waiting for the Fed event.
- On Wednesday we do have Fed event coming.
- Fed will decide about the Interest rates etc.
- From there on traders & Investors will get a clue.
- Reliance dragged the nifty yesterday.
- Reliance was down more than 3% yesterday
- Bank Nifty facing stiff resitance near 37000.
- As soon as Bank Nifty touched 37000 there was a heavy sell off.
- Nifty is facing huge resistance near 16700.
- So I expect this sideways move to continue till Fed event.
- After Fed event itself market market will go one way or the other.
- India VIX inched 6% higher yesterday.
- Premiums are not coming down on the back of event.
- Nifty might Trade between 16500 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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