- U.S Markets closed mixed Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are mixed.
- Indian Markets are highly volatile between 16750 to 17400.
- Within this range markets have been making wild swings.
- Yesterday Nifty did retest 16950 and bounced back sharply from there.
- Yesterday it was a sharp recovery and Nifty closed at the highest point of the day.
- Today we have weekly expiry.
- Generally weekly expirys are volatile.
- 16950 to 17200 is the range for expiry.
- In case if we break any of the levels then we might get a larger move during the day
- HDFC Bank will be delivering the results this weekend
- Banking stocks are expected to deliver good results
- Yesterday both the IIP and Inflation data came at negative.
- Inflation rose to 7.4% and Production also has recuced.
- So it's a double whammy on both fronts .
- Next leg of move will be decided by the results of the company's.
- Until then market is likely to stay sideways.
- Nifty might Trade between 16950 to 17200 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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