- Indian Markets Witnessed a Massive Selling in the first half of Yesterdays Trading Session.
- Markets recovered from the lows in the Second half.
- Reason for this was Dow Futures as it was down 1000 Points Yesterday at one Point.
- U.S Markets closed Positive Yesterday.
- From Being 1000 Points down at Morning they closed Positive the next day.
- This shows the Volatility we are in.
- SGX Nifty is trading above 10k.
- This selling pressure in Yesterdays Market was because of FII'S.
- They have sold for more than ₹2500 Crores Yesterday.
- DII's are coming to the rescue.
- This is the reason markets are highly Volatile as money is shifting both hands.
- Reliance has broke & crossed it's Resistance of 1620 & is now at its fresh all time highs.
- FII's have a great holding in HDFC Twins and when they sell Pvt Banks fall.
- Yesterday Bank Nifty was down more than 900 Points at one point.
- This was due to selling Pressure of FII's.
- SGX Nifty is Trading Positive now so today we might get some short covering and Momentum towards the upside.
- I've been Constantly advising to buy on every dip which is being offered to you.
- The best way to trade with such Volatile Markets is to wait for the Markets to come near one end of the boundary.
- Take Contra bets & wait for a Target of other boundary.
- Now the Range might be between 9700 to 10200 for Nifty.
- If 10200 is Crossed we might Witness 10350.
- Very Minor chances of Nifty breaking 9700 this Expiry.
- I have been selling Put Options of Major fall since Friday.
- My View is Bullish so I am selling Put options & Trading with Bull Call Spread on the buy side.
- A Trader should always Hedge their Positions specially in such Volatile Markets.
- Yesterday India VIX was up 7% & closed near 32.
- Generally India VIX trading above 30 is a high Volatile Indicator.
- Today we might see some short covering in Index Heavyweights.
- Nifty might Trade between 9920 to 10120 today.
- 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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