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Yesterday US markets ended mixed.
Asian markets are also mixed.
SGX Nifty trades slightly lower.
Yesterday Bank Nifty under performed due to higher CPI inflation.
IndusInd Bank shot up due to good result and then fell drastically as NPA increased.
HDFC Bank supported the Bank Nifty.
Otherwise fall would have been much more.
Today US and China signing agreement.
Nifty also hit all time high yesterday.
Reliance, Kotak Bank, ICICI Bank, SBI all down, yet Nifty was up.
The broader market is doing well.
Yesterday both FIIs and DIIs were net sellers in Cash market.
Good results of these companies can take Nifty to 12500.
Markets may consolidate until then.
Nifty future may trade between 12300 and 12420.


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