- U.S Markets were closed yesterday.
- Right now Dow futures are slightly higher.
- Asian markets are mixed.
- SGX Nifty is flat.
- Yesterday was a Bullish Indian market.
- This Bullishness persisted inspite of flat Global cues.
- Markets closed almost at the highest point of the day Yesterday.
- This is surprising because when I see data it shows otherwise.
- FII's short position is 81%
- In spite of having such huge shorts HDFC twins outperformed yesterday.
- Data shows FII's have net sold in cash market.
- Global markets were flat.
- All this events made yesterday rally a bit puzzling.
- As everybody knows Indian markets are high beta markets.
- We go up fast and come down faster.
- 17500 PE has added huge open interest yesterday.
- 17600 PE also has decent open interest.
- Traders are expecting 17500 to act as a strong support.
- Resistance to come near 17800.
- Within this 300 point range markets are likely to be volatile.
- Nifty might Trade between 17500 to 17800 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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