- U.S Markets closed lower on Friday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is flat
- Friday was a day of Bloodbath in our Markets.
- Nifty future high was 18100 on Thursday.
- Yesterday low was 17500.
- This is a fall of 600 points in just a single trading day.
- India is a high beta market.
- When our market goes higher it's super quick.
- Similarly, when markets go lower.
- 17500 is a major support now
- If this is taken out then doors for 17200 open up.
- Markets all over the World are fearful about 100 basis points rate hike.
- This rate hike is likely getting factored in.
- This is a high volatile market.
- The swings are really big.
- Many stocks have turned bearish on Friday.
- Nifty might Trade between 17400 to 17700 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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