- U.S Markets closed higher Yesterday.
- Right now , Dow futures are lower.
- Asian markets are lower.
- SGX Nifty is indicating a flat opening.
- It's a good news for the Bulls that U.S Markets showed resilience yesterday.
- Nasdaq underperformed Yesterday.
- In last 12 sessions Nasdaq is down 12%.
- After a relief rally in IT Stocks again pressure is being exerted.
- India VIX was up 10% yesterday at one point of time.
- After 3 pm there was a crash in India VIX & option premiums got eroded.
- 17200 to 18000 is the larger range for Nifty.
- Smaller range won't work in this market coz of huge Volatility.
- Expecting a Consolidation in the short run.
- Generally when there is huge Volatility market either tops out or bottoms out.
- Chances of market topping out at 18k is quite high right now.
- Bank Nifty is however outperforming Nifty.
- It's more likely that Bank Nifty could outperform from here.
- Reliance looks strong and once it takes out all time high it would be heading to 3000 levels.
- Nifty might Trade between 17350 to 17650 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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