- U.S Markets closed higher on Friday.
- Right now Dow futures are Flat.
- SGX Nifty is flat.
- Asian Markets are mixed.
- There wasn't any major newsflow over the weekend.
- Nifty on Friday retested 17800 and bounced from this level.
- 18000 is a stiff resistance from here on.
- On Friday bank Nifty closed above 40k significantly.
- Which is quite a Bullish sign for Banks.
- FII's were net buyers on Friday.
- DII's were net sellers.
- FII's shorts now stand at 78% .
- U.S August Inflation data is due tomorrow.
- Markets are likely to be jittery on the back of the Inflation data.
- Until the data gets announced expecting a sideways market.
- SBI has crossed it's 52 week highs & has been fresh all time highs on a daily basis now.
- For Momentum traders and trend followers this is the stock to watch.
- I strongly feel if Bank Nifty has to rally it should be with the help of SBI.
- Nifty might Trade between 17700 to 18000 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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