- U.S Markets closed higher Yesterday.
- Dow futures are slightly higher right now
- Asian Markets are higher.
- SGX Nifty is close to 17300.
- Big Big gap up on cards today.
- Yesterday U.S Inflation numbers were announced.
- Expectation was 8.1% but they came at 8.2%
- Dow Futures fell 600 points as soon as this news broke out.
- As soon as U.S Markets opened this big gap down was bought into.
- Dow Jones recovered from -600 to +850 points.
- This is some rally.
- My sense is Markets may have factored in this negative by now
- Hence the Yesterday low of 3500 on S&P 500 should hold at least for a month now
- Markets bottom out much before the actual event.
- Also Markets factor in negative news much before the event as well
- This is the nature of stock market.
- One has to understand the Market language in order to make money
- Worst Inflation numbers of 40 years and still markets rallying.
- This is the beauty of stock market.
- Markets react differently in various situations.
- 17400-17500 is the resistance zone.
- Will look to build fresh once this gets broken.
- 17200 to 17500 is the range for Nifty now.
- Nifty might Trade between 17200 to 17500 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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