Skip to main content

Posts

Closing above 23500+ today? (18th June 2024)

1. U.S Markets closed higher yesterday.  2. Nasdaq continues to outperform other indices. 3. Indian IT Stocks are still lagging behind. 4. Asian Markets are trading higher. 5. Gift Nifty is indicating a positive opening. 6. We are not the only Markets which are in a Bull Market. 7. U.S Markets are up almost 30% for this Financial Year. 8. There is a big Bull Market going on there. 9. I heard a news that some Economist is predicting a 90% crash in all markets in 2025. 10. I had received many DM's relating to this over the weekend. 11. A 90% crash last happened at the time of great depression in U.S 12. There is no way we would fall another 90%. 13. We may fall but not 90%. 14. Nobody knows what will happen to markets today as you need to focus on good risk - reward areas to make money. 15. Why worry about what's going to happen in 2025. 16. 23500 is a resistance for Nifty. 17. We may witness some profit booking near those levels. 18. Closing above 23500 would open do
Recent posts

Consolidation with Bullish Sentiment (14th June 2024)

1. U.S Markets closed mixed yesterday.  2. Nasdaq continues to outperform other indices. 3. Indian IT Stocks are still lagging behind. 4. Asian Markets are mixed. 5. Gift Nifty is indicating a flat opening. 6. Inflation in U.S as well as India has eased. 7. Inflation numbers reported in U.S were well below estimates. 8. India also the similar situation arose. 9. Central Banks commentary is a bit dowish. 10. This in turn , is in favour of the markets. 11. Both Nifty and Bank Nifty are in a Bullish zone. 12. The momentum has cooled off a bit. 13. This is because Volatility has dropped. 14. Markets are now trading within a low intraday range. 15. Expect the same to continue until Budget. 16. Post June expiry , all eyes would shift to the Union Bidget. 17. Even though any major changes ain't expected. 18. Large institutions would get an idea how this Govt would work in future. 19. 23500 is the next resistance for Nifty. 20. Nifty might trade between 23200 to 23500 today. 21

Inflation Eases !! (13th June 2024)

1. U.S Markets closed higher yesterday.  2. Nasdaq is outperforming other indices. 3. Expect Indian IT Stocks also to come back strong.  4. IT , Chemicals & pharma have been lagging sectors in this Bull run 5. Expect Big money to shift into these sectors. 6. Inflation in U.S as well as India has eased. 7. Inflation numbers reported in U.S have been lower than expectations.  8. Indian Inflation numbers have been at an Yearly low. 9. Fed Commentary was important yesterday.  10. U.S Fed indicated that there would be a single rate cut in the current FY 11. Previously the projection was of 2 rate cuts. 12. All the Major World markets have been trading at all time highs. 13. India also isn't lagging behind. 14. We have been consolidating from last 3 days on index level. 15. The broader market has been outperforming.  16. That is where majority of the action is. 17. Expect the same to continue going forward. 18. When economy expands , smaller companies outperform. 19. Gift

Consolidation to Continue? (12th Jun 2024)

1. U.S Markets closed mixed yesterday. 2. S&P 500 closed flat,  dow closed slightly lower. 3. Nasdaq closed higher. 4. Right now , Dow futures are flat. 5. Gift Nifty is indicating a gap down of 50 points. 6. Yesterday,  the India VIX crashed 8-9%. 7. Now the VIX is in a comfortable zone below 15. 8. VIX below 15 indicates sustained bull Market. 9. From the past 2 days , Nifty is trading above 23300 until 2.30 PM 10. In the final hour , there is a sell off. 11. On the Index level there is consolidation.  12. Stocks level , midcaps and small caps are outperforming.  13. 23200 to 23400 is the range for Nifty currently. 14. Last 2 days this has been the trading range. 15. Bank Nifty also is in a consolidation zone. 16. All eyes now would be on the Union Budget. 17. The policies,  the framework that this Govt will bring will be a key to watch. 18. Until then there isn't any major event that can have big impact on the markets. 19. Nifty might trade between 23150 to 23450

Consolidation!! (11th June 2024)

1. U.S Markets closed mixed yesterday. 2. U.S Futures are trading mixed right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. Yesterday the Ministries were announced. 6. It was much more on expected lines and there were no surprises. 7. For stock market perspective , the most important post is of Finance Minister. 8. This post now is continued by Nirmala Sitharaman.  9. There are sections of people who feel she is a good finance minister. 10. Others have different views. 11. Overall it's a mixed reaction from the Taxpayers. 12. Yesterday,  the major indices traded I'm green throughout the day. 13. Last hour there was profit booking. 14. Both indices closed almost at the lowest point of the day. 15. 23200 to 23400 is the current range for nifty 16. We are likely to have a flat day today as well 17. Volatility and intraday range of Nifty is getting lower. 18. Read a data that Retail have invested 31000 crore plus in May month. 19. Due to good e

ECB Cuts Interest Rates !! (10th June 2024)

1. U.S Markets closed lower on Friday. 2. U.S Futures are trading mixed right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. RBI has kept the rates unchanged. 6. Good thing is it has raised its GDP guidance. 7. This will be a positive boost for the Markets. 8. Nifty all time high is 23300. 9. Friday we have closed exactly near this level. 10. Expect markets to consolidate near this level. 11. Next resistance will be at 23500 12. Many people are running behind political based stocks like heritage foods etc. 13. Also I'm receiving many DM's regarding the same. 14. Advice would be not to chase stocks based on political view. 15. Choose evergreen companies where no matter if external factors change, it won't effect the company. 16. Companies dependent on external factors should be avoided. 17. Those who have missed the rally have a good entry point near 23100-23200. 18. VIX is also near zone currently and is now below 18. 19. Nifty might tra

VIX Finally below 18 !! (7th June 2024)

1. U.S Markets closed mixed Yesterday.  2. U.S Futures are trading flat right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. Big news is Bank of England has cut rate by 25 basis points. 6. This is the first rate cut in last 5 years by them. 7. This time they are advancing before FED. 8. Will FED cut the rate now is a matter of debate. 9. But I think FED and RBI will take some more time 10. Get a confirmation relating to Inflation etc and then cut the rates 11. Markets have been very volatile 12. Specially the last 1 month. 13. Volatility was it its peak. 14. Now VIX is below 18. 15. VIX below 18 indicates low Volatility and stability. 16. VIX below 15 is an ideal zone. 17. Expect markets to consolidate for a while now. 18. Now the focus will shift to Budget and next FM policies  19. FM here is Finance Minister. 20. If Nirmala Sitharaman gets elected again , markets wouldn't take it Positively. 21. Nifty might trade between 22600 to 23000 today.