- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now.
- Asian markets are higher.
- SGX Nifty is up 200 points.
- Yesterday we had a very flat session.
- Nifty traded within a small range of 100 points throughout the day.
- Markets were waiting for the U.S Inflation data to be out.
- Expected Inflation was 8.7% but it came at 8.5% which was much lower than expected.
- This led to a fierce rally in the markets all over the World.
- U.S VIX crashed 10% yesterday.
- This is because another event now is out of the way.
- Now 17500 becomes a very strong support after today's big gap up.
- Many market participants still not believing this rally and calling it as a Bear market bounce.
- I do not think so.
- Bull market has started in July and this is a continuation of the same
- FII's have been net buyers in previous 9 trading sessions.
- They are on a buying spree and once they begin to buy they usually do not stop.
- Today all the call writers would be in trouble.
- 17600 , 17650 , 17700 added good open interest yesterday.
- All these will be in trouble at open.
- This will push the Market higher.
- Nifty might Trade between 17600 to 17840 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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