- U.S Markets down 400 Points today morning.
- Fears & Concerns over the U.S - China has escalated recently.
- Asian Markets are Mostly Trading Negative.
- SGX Nifty is now Trading near 9400.
- Yesterday as Expected the Upside rally Continued .
- 9400 was taken away on the Nifty and we closed near 9500.
- Patience is the Key. Whole of the May Month Markets were Consolidating and mostly Rangebound.
- Those who waited Patiently Enjoyed the Breakout.
- Traders those who hurry up the Process might have lost everything in consolidation phase and Couldn't take benefit of the Breakout.
- The Dream rally is done now and now it's time to get back to Senses.
- India - China border issues have been escalating over the past few days.
- Markets are again likely to Consolidate between 9000 to 9500 for some time now.
- Today we will get India's Quarterly GDP data. This data is for Jan - March Quarter.
- Anyways that won't be too much of relevance as everyone knows the slow growth in advance due to Corona Virus.
- This Weekend we would know if lockdown is being extended or eased in Most parts of the Country.
- FII's were net Buyers Yesterday and due to them covering the Shorts the Markets might have Rallied.
- Monsoon is likely to be normal, expected to reach Kerala on first week on June.
- Expect Nifty to trade between 9000 to 9500 for some time now.
- Broader range is likely to be 8800 to 9850 for the June series.
- Expecting the Markets to be highly Volatile within this Range.
- Expect Financial Stocks to weaken today due to some Profit booking.
- Today's trade is to sell near 9450-9500 with a Stoploss above 9500 on Nifty.
- If our levels don't come then we don't trade
- We Shouldn't be slaves of the Market and keep running behind it.
- We should wait for our levels to come and then initiate a trade.
- Do not carry any Positions over the Weekend.
- Nifty is likely to trade between 9300 to 9500.
- stocmarketadvisory.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