- US markets closed 2% higher Yesterday.
- Asian markets are in Green but off their highs. Some markets are turning negative.
- SGX Nifty is down by about 50 Points and Trading near 9000.
- Yesterday in first half Nifty was Trading between 8900 to 9000.
- Second half of closing we Witnessed a short covering rally towards 9100 but this level Couldn't be broken.
- FII's were net sellers Yesterday and DII's were net Buyers.
- India VIX & U.S VIX are declining Contineously.
- This shows that the fear is lowering amount the Stock Market Participants.
- Financial Stocks Witnessed a short covering rally Yesterday.
- Bajaj Finance also ended 5% higher after it's results .
- 9100 CE has the highest open interest today for the Weekly Expiry.
- Once this level is taken out we can witness another rally of 50-60 Points on the Nifty.
- Until then not Expecting any Big moves for Markets today.
- First half is likely to be in a Consolidating phase.
- Government is Slowly opening up Airlines , Raliways in a phased manner.
- Restarting of Economy is the biggest STIMULUS for our Economy.
- Sold 9300 , 9400 CE also Added 9250 CE Yesterday.
- Sold 8800, 8700 , 8600 PE .
- All these Trades are of Weekly Expiry and are likely to open at single Digits today.
- Sold 16800 Bank Nifty PE & also 18500 CE.
- IT Stocks are looking weak & will continue to face weakness this Expiry.
- Nifty might trade between 8950 to 9150.
- Bank Nifty might trade between 17300 to 18000.
- 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
Comments