- U.S Markets closed higher Yesterday.
- Asian markets are mostly higher.
- SGX Nifty is up 200-250 points.
- Nasdaq closed higher by more than 7%.
- All the shorts were taken to cleaners yesterday in Technology numbers.
- U.S Inflation eases to 7.7% in October.
- Inflation cooling down is a good sign for the economy.
- Also going ahead people are expecting it to reduce further.
- This has created a huge short covering rally yesterday.
- 18300 is a stiff resistance for us.
- Once we cross this level we would be moving towards all time high.
- Until yesterday I was bearish because I didn't expect Inflation numbers to change the game so rapidly.
- As Inflation eases, expecting buying to emerge into Technology stocks as well.
- Expecting money to shift from Banking to Technology stocks.
- Yesterday could be termed as relief rally across global markets.
- Continuation of the same would gather momentum.
- 18300 for nifty.
- 42k for Bank Nifty are critical zones.
- Once these levels are taken out we can be expecting further momentum.
- Nifty might trade between 18100-18350 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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