- US markets closed 0.5% higher Yesterday.
- Asian markets are mostly Positive.
- U.S Futures are down after Trump Announcements for deploying more forces to control the Protestors.
- SGX Nifty is higher by 30 Points and Trading near 9800.
- This has been a big rally for our Markets.
- Nifty is up 10% in last 3 days and Bank Nifty is up 17% for the same period.
- Yesterday at one point, call options were trading at 1400% premium .
- India VIX too inched higher Yesterday.
- Still there are some people saying me that they are Shorting the Market on every rally.
- They will keep shorting until they go Bankrupt.
- From Centuries , people have been saying to follow the Trend.
- Trend is very very clear & thats on the upside.
- So please don't follow your OPINIONS.
- Follow the Trend.
- Earlier Nifty tested 10000 twice, so it is a double top.
- 10,000 should act as a Resistance for Nifty.
- The reason for this rally is big FII's buying.
- FII's sold more than 15,000 crore in the Month of May.
- In the Month end for May , they started buying and have bought more than 7000 crore in 4 trading Sessions.
- Moodys downgraded India rating Yesterday and again people are Expecting markets to crash due to this.
- Credit Ratings now a days should be thrown in dustbin. It's of no use at all.
- 9700 should act as a good buying zone for Intraday basis.
- If by any reason you get dips closer to that level you should latch on to them.
- In Trending Markets if you see a big Candle against the Trend thats a great risk reward trade.
- If 10,000 is taken out we can witness 10200-10500 in coming weeks.
- Reliance was a long term Suggestion from my side around a month ago.
- Those who Regularly read my Blogs should know this and was Suggestion near 1400.
- Now it's already up almost 10% in less than a week.
- Once Reliance crosses 1600-1650 levels it will keep flying higher.
- Must have stock in your Portfolio.
- Trade remains to buy on dips closer to 9700 for Intraday.
- For Swing Traders the Stoploss should be 9500 and keep building long positions on every dip & be patient for a Breakout to happen.
- Markets are likely to Breakout on the Upside in coming weeks.
- After this big rally Expecting markets to take breath and consolidate for a few trading Sessions.
- 9680 - 9980 should be that Consolidating range.
- Financials have bottomed out and will now witness huge short covering rallies.
- 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