- US markets closed 2% Negative Yesterday and fell for the Second Straight Day.
- Asian Markets are Trading Negative.
- SGX Nifty indicating a Weak Start & Trading near 9200.
- Fed Chairman Mr. Jerome Powell commented Negative about the Economy.
- Trump pushed for Negative Interest Rates but Fed Chairman Denied it to be Implemented currently.
- 20 lakh Crore STIMULUS Package Gains wiped off in less than 24 hours of Announcement.
- Markets do not seems to be happy with details of Economic package details by FM.
- Personally , im not impressed with the Substance of the Package. It's good for some Sectors but there is no direct benefit.
- Total Package Details should be Announced on a Single day itself.
- No Point of Holding Press Conference for 5 consecutive days and giving out details each and everyday when there is not much substance in that.
- FIIs were net Sellers in the Cash Market Yesterday & it seems they were also not Impressed with the Package Announcement & Susbtance.
- Ex : TDS ( Tax Deduction at Source )rates have been slashed in this package which would ensure 50,000 Crores of Liquidity in the System. Sounds Good but this is not a part of Economic Package at All. None is benefitted in any direct way.
- It's like giving from one hand and taking from another.
- Figure looks big of 20 lakh crore but material in it is not upto the Mark.
- Yesterday Markets opened by a Big Gap up near 9650 but Couldn't Sustain and immediately entered back into it's previous range.
- May Month has been a severe Consolidatiom Month.
- Markets are rigid to come out of 9000 to 9500 Zones and I expect this to continue for some more time now.
- Yesterday the Markets were so Optimistic about the Press Conference that Premiums were Trading so high.
- Even Nifty 10400 Weekly Expiry Option was trading at ₹2 when Nifty was near 9350.
- Even if Nifty would have hit upper Circuit today it would have ended at Zero.
- I do not miss Opportunities like these and sold the same to get some easy Money and today it will open closer to Zero.
- Do not Understand the Logic why people buy these Options because my sell order got accepted because somebody bought the same.
- Those who see Options Buying as a Lottery ticket will fail Miserably.
- Sold 9700,9800,9900,10000,10200,10400 CE Yesterday.
- Sold 8800,8900,8950, 9000 PE Yesterday as I was not Expecting Nifty to go below 9000.
- Nifty might Trade between 9100 to 9350 today.
- Bank Nifty will again continue to Underperform Compared to Nifty.
- We are Dealing in a Typical boring Rangebound Market. Traders should take calculated Risks when in this Range.
- Otherwise wait for a Breakout / Breakdown and protect your Capital until then.
- stockmarketadvisory.in
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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