- U.S Markets closed lower Yesterday.
- Asian markets are mixed.
- Dow futures are slightly higher right now.
- SGX Nifty is flat.
- Last 2 days Market was been making fresh lows.
- This is generally the price action before the Fed event.
- Market factors in the negatives.
- If market kept moving higher before Fed event then a shock by fed would've taken market 1000 points lower.
- Market going in with not much expectations is always good.
- 16400 is a very important level.
- Expect Nifty to hold onto this today.
- Also this is a very important buy zone for Nifty.
- Bank Nifty near 36k would be worth a long.
- However keep proper stoploss in case if reverses.
- Financials might lead the next rally from here on.
- Previous Bull market IT led the rally.
- This time it's going to be Financials + some minor sectors having not much weightage in Nifty.
- There is quite disparity going on in broader markets.
- Some stocks keep going higher and many keep going lower
- Clearly money is chasing quality names in the Mid & small cap space.
- Nifty might Trade between 16380 to 16600 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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