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Global Markets rally !!! (16th July 2024)

1. U.S Markets closed higher Yesterday 2. All the indices closed higher.  3. U.S Futures are higher right now. 4. Gift Nifty is higher by 50+ Points. 5. Asian Markets are higher right now.  6. U.S Markets are on fire right now. 7. There has been a continuous rally there. 8. This rally has got steam due to the expectation of Trump winning the elections. 9. There was an assassination attempt on Donald Trump over the weekend. 10. Luckily,  he was saved. 11. The way he bounced back immediately made him a hero. 12. He was already leading the race even before the attempt as per Many news reports. 13. Trump coming back to power is positive for stock market. 14. He is a no nonsense person who just craves for growth of the nation.  15. As he is also a business person , he knows what it takes to build the nation. 16. Indian Markets too are on a rally and there are no signs of reversal yet. 17. 24450 -24500 is a good support level on Nifty to enter. 18. 52k is a good support level on
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IT Stocks to lead Nifty? (15th July 2024)

1. U.S Markets closed higher Yesterday 2. All the indices closed higher.  3. U.S Futures are higher right now. 4. Gift Nifty is higher by 60+ Points. 5. Asian Markets are higher right now.  6. Friday was the day of IT Stocks 7. All the IT companies were significantly higher. 8. This was on the back of TCS results. 9. IT is one of the few sectors that hasn't participated in this Bull market.  10. It has been a laggard 11. As long as IT is doing well,  Nifty would be higher.  12. Until now, the earnings season has been good. 13. There hasn't been any major disappointment.  14. Expect markets to trade in a range 15.  Majority of the froth still exists in the market. 16. My expectation is that before the budget we might correct 3-5% on major indices & Post budget we might recover 17. 2nd alternative is before the budget we rally on the back of expectations from the Budget. 18. Once budget is out we will witness significant correction if those expectations are not me

Earnings Reaction? (12th July 2024)

1. U.S Markets closed lower yesterday.  2. Dow Jones closed slightly higher , S&P 500 & Nasdaq however cracked. 3. U.S Futures are higher right now. 4. Gift Nifty is higher by 40+ Points. 5. Asian Markets are higher. 6. Yesterday was a ranging expiry. 7. There has been a good consolidation in the past 1 week. 8. Good Consolidation was actually the need of the hour for markers. 9. This was because in the Month of June , we had rallied a lot. 10. There has been some correction in few stocks,  few stocks have witnessed 52 week highs. 11. There is clearly distribution across stocks. 12. Few mid & Small caps are quoting at unrealistic valuations. 13. There are also pockets of opportunities if scrutinized well. 14. Overall it's a good proper market with the froth being lowered a bit. 15. Majority of the froth still exists in the market. 16. My expectation is that before the budget we might correct 3-5% on major indices & Post budget we might recover 17. 2nd al

Correction or Trend Reversal? (11th July 2024)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. U.S Futures are flat right now. 4. Gift Nifty is higher by 40+ Points. 5. Asian Markets are higher. 6. Yesterday was a high volatile day. 7. In Last 2 weeks , there was a first significant correction yesterday.  8. Correction wasn't only in Major indices , but also in Mid & Small caps. 9. We are about to face a big event which is the Budget. 10. This event has the chance to move markets by 5-7% either ways. 11. There has been rumours floating around that Capital gains tax might be tinkered. 12. I think if Govt wants to Curb F&O trading , they might increase STCG. 13. LTCG at max they might not give the 1L exemption limit. 14. Seeing the current situation, Coilition Govt, higher revenues generated from tax etc these seem less likely. 15. Larger range for Nifty is 24150 to 24500. 16. Nifty took support exactly near 24150 yesterday.  17. Markets are expected to consolidate within a range.

Results season kicks off !! (10th July 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed lower whereas S&P 500 and Nasdaq closed higher. 3. U.S Futures are mixed right now. 4. Gift Nifty is flat. 5. Asian Markets are higher. 6. All the World Markets are in a consolidation trend now. 7. Our Markets are on a non stop rally & nobody knows when this will end. 8. Now markets are more of in a Euphoria state. 9. Post elections , markets have delivered amazing returns. 10. Before a big event like Budget,  it's better we cool down a bit. 11. Having heavy expectations from the Budget might lead to disappointment  12. Then there might be some violent reaction in the Markets. 13. It's always better we brace ourselves for uncertainty  14. Ever since the Budget dates have been announced,  India VIX is up 10%. 15. Expect it to more higher close to 18 levels before the Budget. 16. We are at an overbought zone so caution is advised.  17. Do not chase the Market , buy the dips to go long. 18. Markets wil

Consolidation !! (9th July 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed lower whereas S&P 500 and Nasdaq closed higher. 3. U.S Futures are higher right now. 4. Gift Nifty is flat. 5. Asian Markets are higher. 6. Yesterday was a consolidation day for the markets.  7. Nifty was consolidating without a 100 point range throughout the day. 8. Bank Nifty was highly Volatile.  9. Bank Nifty was moving 200 points within a span of 5 Minutes. 10. Banking stocks were under pressure Yesterday.  11. This was majorly due to poor guidance by HDFC Bank. 12. India VIX was up 7% Yesterday.  13. VIX going up in a Consolidation market is rare. 14. This might be due to the announcement of Budget on 23rd July. 15. Right now the market situation can be described in this way. 16. Liquidity would not let you fall and earnings cannot let your rise. 17. Do not expect any major moves until the Budget gets announced. 18. Budget would decide the next move on the markets. 19. Nifty might trade between 24150 to 2

Consolidation with Volatility !! (8th July 2024)

1. U.S Markets closed higher on Friday. 2. Dow Futures are higher right now 3. Gift Nifty is indicating a gap down of 30+ Points. 4. Asian Markets are higher. 5. Friday was consolidating day for the markets.  6. Markets were consolidating for most of the day  7. Last 45 minutes there was a massive upswing on Nifty.  8. This move had come out of nowhere 9. I had researched for any news etc which may have come by. 10. Also tried to notice option chain , open interest etc. 11. Couldn't find anything extraordinary.  12. Nifty is quite Bullish right now. 13. HDFC Bank is under pressure so Bank Nifty is under pressure.  14. The larger range for Nifty is 24000-24500. 15. Expect Nifty to trade within this range for most of this expiry. 16. We have rallied almost 3k points from election lows & it was a one way rally. 17. Long term Bull Market is intact , there's only a short term froth being built 18. Keep your return expectations in check and purchase fundamentally soun