- U.S Markets closed higher yesterday.
- Asian markets are higher.
- SGX Nifty as of now is up 50-60 points.
- Today we are likely to open with a gap up.
- World markets are looking very strong.
- Any dip is being bought into very aggressively.
- This is the first time in last 1 year that even above 18k Nifty, markets are showing such strength.
- Previously, everytime we went above 18k , there were severe profit booking.
- FII buying has improved the market sentiment.
- FII"s have become buyers and once they start buying they go on a spree.
- All the banking stocks are flying now.
- SBI is now above 600.
- The flavour now is to sell IT stocks and buy banking stocks.
- How long will this continue that has to be seen.
- 18200 is a stiff resistance for Nifty.
- Closing above 18200 would give further momentum on the upside.
- Else markets are going to remain sideways with a positive bias.
- 17950 to 18200 is the larger range for Nifty.
- 41k to 42k for Bank Nifty.
- Volatility is subsiding now day by day and also option premiums are too low.
- Nifty might trade between 18100 to 18300 today.
- stockmarketadvisory.in
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