- U.S Markets closed lower Yesterday.
- Right now Dow futures are flat.
- Surprisingly, SGX Nifty is higher by 50-60 points.
- In spite of Global sentiment being bad , SGX Nifty is higher.
- Yesterday it was a stable expiry.
- Nifty traded within a small band of 100 points throughout the day.
- Markets trading within a band and with less Volatility is always a healthy sign.
- India ViX crashed below 16 yesterday.
- SGX Nifty might be higher because Hong Kong market is up 3%.
- China markets are up 5%.
- This is providing a positive boost to SGX Nifty.
- Expect markets to consolidate within a band.
- There's not much news flow awaited.
- Nor there are any events in sight.
- Bank Nifty was the star of the show yesterday.
- Yesterday even I was surprised to see such outperformance by Bank Nifty.
- Range for Nifty is 17950 -18200.
- Bank Nifty is 41000 to 42000.
- Trading at the boundaries of the range provides good risk reward Opportunities.
- Nifty might Trade between 17950-18200 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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