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Nifty Bank Nifty Over view for coming weekly expiry


·        Us Markets Ended Higher on Monday. Nasdaq Hit fresh all time high.
·        Asian markets and US market fell suddenly at 6:45 AM
·        US official mentioned in a tv interview that US china trade deal is over it means there would be no trade deals now, which market has take huge negative ,impacting us market ,this will be key driver today.
·        US market and Asian market reacted negatively
·        SGX nifty fell more than 100 points , there is again a tough nut ,which will time for markets to digest.
·        Later Trump said china deal is still not over, it is intact, I don’ts know what kind of secret games do they play with each one has contradictory roles.
·        Immediately US markets and Asian Markets recovered.
·        SGX nifty after recovering traded around 10340
·        Yesterday nifty crossed high of this series and then suddenly profit booking came.
·        Reliance too had profit booking after  a consistent rally.
·        But Markets no longer only waiting for Reliance to take part in rally, it reached with strength
·        Bank nifty has shot up 2500 points in 5 days rally.
·        Nifty shot up 500 points in 5 days.
·        Bajaj Finance 2200 to 2850 in a week’s time
·        FII’s are net buyers in market cash.
·        DII”s booked profit at each higher levels.
·        Kotak bank largely shot up due to short covering, which was expected as build up shorts results with market rally and short covering came.
·        Now nifty is reaching big resistance zone of 10400-500
·        Reliance industries may resume rally after pausing 2-3 days.
·        Without Heavyweights like RIL HDFC and TCS, Nifty can not cross 10400-500
·        IT stocks will remain under pressure as US has called of All US visa programs.
·        Even when yesterday Broader markets were good IT stocks were under pressure..
·        Infact It was the only index which ended up in red.
·        Today again IT index may hinder Nifty from travelling above the levels of 10400-500
·        Infact we are at top and hence caution needs to be exercised
·        Nifty Future may trade in between 10240 -10400



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