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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 i
Recent posts

Bloodbath in U.S Markets!! (25th July 24)

1. U.S Markets crashed Yesterday.  2. All the indices closed lower. 3. Nasdaq was down more than 3% , S&P 500 down more than 2% and Dow about a percent. 4. U.S VIX jumped 20% Yesterday  5. This shows the fear prevailing in the markets. 6. All this is because of poor numbers reported by Tesla 7. Gift Nifty is down more than 200 points. 8. We are likely to open near 24200 9. Straight away we are going to open near support levels. 10. 24200-24100 & 24000 are very important support levels.  11. This market is showing signs of correction. 12. Specially,  the largecaps. 13. The budget low of 24070 is a massive support. 14. Once 24k breaks , we would be headed towards 23800. 15. Today is expiry too , so expiry related issues might creep in. 16. Expecting first half to be volatile. 17. 2nd half we might witness some recovery.  18. 24000 is a very crutial support and 24500 the resistance. 19. Nifty might trade between 24000 to 24400 today. 20.  stockmarketadvisory.in

Analysing the Budget !! (24th July 2024)

1. U.S Markets closed lower Yesterday.  2. All the indices closed lower. 3. Right now U.S Futures are mixed. 4. Asian Markets are mostly lower. 5. Gift Nifty is down 50 Points. 6. We may open close to 24400 today. 7. Yesterday's Budget was a very much unexpected Budget. 8. Reason is that it had come with many many changes. 9. Nobody had expected so many changes in the Union Budget so soon 10. There was a pic getting viral on the Internet that SEBI Chief had met FM and expressed concern over rising F&O Volumes. 11. Our FM knows just one thing , where ever there is a problem just increase the tax it would go away. 12. The logic would have said to terminate weekly and everyday expiries. 13. Have only weekly expiry on Nifty / Bank Nifty and have monthly expiry in others. 14. But the FM isn't acting like a Finance Minister she is acting like a Revenue Minister and wherever there are issues tax is being increased. 15. This isn't the way problems shouldn't be a

Banks Post Great Results!! (22nd July 2024)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. It was like a mini crash. 4. Right now U.S Futures are mixed. 5. Asian Markets are mixed. 6. Gift Nifty is down 150 Points. 7. We may open close to 24400 today. 8. Kotak & HDFC Bank have delivered great numbers over the weekend.  9. Bank Nifty is expected to outperform Nifty. 10. Another major news is Joe Biden quits. 11. He opts out of Presidential race. 12. This could be a clean sweep for Donald Trump this time around  13. Tomorrow there would be a full budget which would be delivered  14. Markets are awaiting the same and that will decide the next course of action 15. Friday was a brutal correction day specially in mid & Small cap stocks. 16. Some form of caution before the Budget is always good while entering into a Big event 17. 24400 and 24150 are good support levels for Nifty. 18. 52k is a good support on Bank Nifty to enter. 19. Nifty might trade between 24300 to 24600 today. 20.  sto

Consolidation!! (18th July 2024)

1. U.S Markets closed higher on Tuesday. 2. All the indices closed higher.  3. Yesterday it closed lower. 4. Net - Net in last 2 days it was flat. 5. This is just Volatility & Uncertainty in the Global Markets.  6. U.S Futures are higher right now. 7. Gift Nifty is slightly lower right now. 8. Indian Markets on the other hand are in a consolidation phase. 9. Bank Nifty looks weak. 10. Nifty seems a bit positive. 11. It's better to buy on dips than chase this market now. 12. We are approaching the Budget and Markets are at all time highs. 13. One negative news can easily lead to a 4-5% fall in Markets. 14. Analysing the results upto now , Largecaps have not done that well. 15. Midcaps and smallcaps have been posting better results than largecaps. 16. 24450 -24500 is a good support level on Nifty to enter. 17. 52k is a good support level on Bank Nifty to enter. 18. Markets lack steam on the upside. 19. Nifty might trade between 24400 to 24700 today. 20.  stockmarketad

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

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