Welcome August !! (26th July 2024)

1. U.S Markets closed mixed Yesterday.

2. S&P 500 and Nasdaq closed lower whereas Dow closed higher.

3. Right now , Dow Futures are higher.

4. Asian Markets are all higher.

5. Looks like global Markets are finally recovering from the Doldrums of IT major results.

6. Indian Markets , apart from Banks are in a strong momentum.

7. Banks are facing issues of their own.

8. Bank Nifty is leading the underperformance

9. Large banks are facing deposit growth because smaller players are taking away small share of them.

10. Hdfc bank , Kotak Bank , Axis Bank etc all have reported low deposit growth.

11. On the other hand AU Small finance bank posted amazing set of numbers

12. This Is a market which is divided currently.

13. Some companies have been posting exceptional results whereas some are dull.

14. You need to invest in the good ones to make money

15. Nifty immediate resistance is 24500 , once 24500 is crossed , I do not see any resistance upto 24800.

16. So the momentum is strong , dips are getting bought into.

17. 24200 is the immediate support on Nifty.

18. This is clearly a buy on Dip Market.

19. Nifty might trade between 24300 to 24700 today.

20. stockmarketadvisory.in

Comments

BJP Falls short of Majority (5th June 2024)

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Global Shock !! (6th August 24)

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Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20. stockmarketadvisory.in

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