- U.S Markets Ended 0.5% higher Yesterday , Mostly Flat.
- Asian Markets are Trading Mixed.
- SGX Nifty is Trading 40 Points higher near 10340 now.
- U.S Suspends HIB Vivas entering into their Country so this might be a Negative news for the IT Stocks.
- Yesterday in the Pre - Open SGX Nifty was up by 40 Points and was trading near 10230.
- Surprisingly , our Markets opened near 10370.
- This was highly Unexpected & Unplanned.
- Yesterday for the Complete day our Markets kept Consolidating & Trading within a Range.
- On days like these do not chase the Gap up Openings.
- The Trend is so Positive for our Markets that every dip is being bought into.
- Yesterday Nifty was Trading in red for a Maximum of 5 Minutes but that dip was also bought into immediately.
- This is a clear rising Market.
- Strong Momentum towards Upside and every dip is being entered into.
- Usually as per my Experience , Market gives a big Move at the time of Monthly Expiry.
- Last 2 months in the last week of Expiry , Markets gave a big Move towards Upside.
- We have to see where does this big move come this Month.
- High Probability that the same will be towards Upside as well.
- Yesterday Reliance did not perform Exceedingly well and Witnessed selling pressure near 1800.
- If Reliance joins the party we can expect Fireworks.
- Bank Nifty looks much Stronger Compared to Nifty & is in a Strong Uptrend.
- FII's were Net Buyers Yesterday.
- DII's were net sellers Yesterday mostly due to profit booking.
- I sold 9900 , 9800 , 9700, 9600 PE Yesterday and bought 9400 PE for Margin benefit and to reduce the Margin.
- Sold 10500 , 10600 , 10700 & 10800 CE Yesterday and bought 11000 CE for Margin benefit.
- Reliance trade exited in 7% profit in a week.
- Nifty might Trade between 10220 to 10420 today .
- Do not chase stocks like Glenmark Pharma etc which have already given big move Yesterday.
- 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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