- U.S Markets closed lower on Friday.
- In spite of good jobs data markets closed lower.
- U.S Markets were in green for the first half but 2nd half witnessed massive sell off.
- This shows Volatility is again beginning to creep in.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is down 50 points close to 17500.
- As I pointed out earlier I'm bearish on the markets.
- 18000 is the positional stoploss for shorts.
- Another reason for bearishness is Adani group stock prices.
- Once the bubble bursts here it could damage the sentiment of the Market.
- 17200 to 17600 is the short term range for Nifty.
- Expect markets to consolidate within this range for a while.
- Nasdaq has again turned into bearish zone.
- Due to this we are witnessing sell off in Indian IT stocks too.
- FII's after Fed event seem to be confused.
- Sometimes they sell sometimes they buy big and give mixed signals.
- That's the reason I don't expect a big trending move anytime soon.
- 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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