- US markets closed on a Positive Note Yesterday.
- Asian markets are also Trading Positive.
- SGX Nifty is trading near 9300.
- Expected a highly Volatile Market Yesterday.
- Market performed exactly opposite , were calm & silent Throughout the day with some Big swings in between.
- Nifty Traded in a range of just 80-100 points throughout the day Yesterday.
- One of the Weakest Expiry ever witnessed. Buy & Hold option Buyers were trapped Yesterday.
- This is According to the Poll done Yesterday on my Instagram Page.
- Nifty has been Trading in a range of 9100 to 9450.
- Within this Range Market is highly Volatile.
- FII & DII combined bought shares more than 23000 crores Yesterday.
- GSK sold ₹25000crore worth of HUL shares.
- GSK is not a FII, its investment comes under FDI. ( Foreign Direct Investment)
- So effectively FIIs and DIIs have sold shares worth ₹2000 crores yesterday.
- Expecting this Range to continue for coming weeks now.
- Expecting the Broader range to be between 9000 to 9500 on Nifty.
- Markets will keep Consolidating within this Range and will be witnessing Sideways moves.
- FMCG sector has fallen Contineously for some days now due to HUL news.
- Good Opportunity for Long term Investors to start exploring Opportunities in FMCG Sector.
- India VIX is trading below 40 now.
- Expecting Nifty to trade between 9200 to 9420 today.
- ICICI Bank Results are likely to be Announced Tomorrow.
- Reliance Industries along with Auto Sector should keep holding Nifty .
- So I am not Expecting much of a fall from here on unless any fresh news comes in.
- Do not carry any Positions over the Weekend. Last Week on Monday Nifty opened 500 Points gap down.
- Nobody knows what news might come in and its impact on the Markets.
- Everybody is waiting for a STIMULUS package from Government. Maybe this Optimism is not letting Markets fall by much.
- Best Trade on Index Remains to trade near the Boundaries & wait Patiently for a Breakout / Breakdown.
- Expecting this Expiry to be Rangebound as well. Markets are likely to Consolidate within a Range.
- 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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