- U.S Markets closed lower on Friday.
- Asian markets are higher.
- SGX Nifty is close to 17700.
- Markets in Friday second half were highly volatile.
- Nifty spot went close to 18k.
- Then from there profit booking began.
- It was so severe that Nifty fell 250 points from high
- Bank Nifty was even worse
- Such type of corrections happen in bull market.
- This isn't the first time we are witnessing the same.
- There was no reason for such fall it was just profit booking close to weekend.
- Markets have had a fantastic one way rally from 15200 to 18000.
- There should be no complaints if there is minor profit booking.
- 17600 is the next strong support now.
- 17900 CE has got the highest open interest after Friday's fall.
- There ain't much stock specific news over the weekend.
- PVR is the stock on my radar.
- In such a Bullish market this stock is down 14% in last 1 Month.
- This is majorly because of poor Bollywood movies.
- This wouldn't go on for long as they will realise content is the king
- This stock is a good value buy on dips.
- Nifty might Trade between 17600 to 17900 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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