- U.S Markets closed one & a half percent Negative Yesterday.
- Asian Markets are Mildly Negative.
- SGX Nifty is trading closer to 8900.
- Yesterday Nifty opened with a Positive bias but was sold into by End of the Day.
- Bank Nifty continues to Underperform & in turn put pressure on Nifty.
- All the PSU stocks are now Trading near their 20 years low.
- As I Always Believe that the Government is the Worst Promoter & I always stay away from Investing in Government Companies.
- Vaccination building & Implementation takes loads of time all the Rallies RELATING to such news in an Opportunity to sell into.
- India VIX was below 40 Yesterday and U.S VIX was also below 30.
- From past few days , Asian Markets are not reacting to Global Markets.
- Global Markets were Contineously Outperforming but our Markets Continued to Underperform.
- Yesterday Bajaj Finance came out with their results & the results were not so poor.
- Management is highly Transparent RELATING to the hardship & Challenges faced in the Economy.
- Bank Nifty is the true reflection of Economy & right now it doesn't Seem good.
- Expect SBI to go to Double Digits and Double digit PSU Banking Stocks to become single Digit stocks.
- 8800 is a very Important and a Crutial level for Nifty.
- If 8800 is taken out then Possibilities of 8600-8500 open up.
- Nifty is Unable to Sustain over the levels of 9000.
- Selling Pressure is visible near 9000 on Nifty.
- So the Trade is to sell near 9000 if we get a Bounce of any sorts.
- If we do not witness a Bounce then wait for 8800 to be breached on the Downside and sell the same.
- FII's were net sellers Yesterday but DII's were net Buyers.
- So we can expect some Consolidation between 8800 to 9050.
- Sold 8600 & 8500 PE.
- Sold 9200 & 9300 CE.
- All the Trades are of Weekly Expiry.
- Sold SBI 170 CE for May Series.
- The idea remains to sell on Rallies nearer to the Important zones with strict Stoploss.
- Nifty might trade between 8800 to 9050 today.
- Financial Stocks will continue to Underperform and need to be sold into on Rallies.
- 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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