- US markets closed Mindly Negative Yesterday.
- Asian Markets are Trading higher.
- SGX Nifty is up 70 Points.
- Last week for a Complete Roller Coaster Ride for our Markets.
- Market was changing every day and was giving sharp moves on either sides.
- It was shaking all the Option Writers & Trend Traders.
- People are asking me is the Market Bullish or Bearish?
- My answer is the Market is Rangebound.
- The Range is between 10550 to 10850.
- Market is within this range and is giving sharp moves on either sides.
- IT Stocks have come up with Spectacular results this week and have given Tremendous rally.
- U.S is planning another STIMULUS so this news might not make the Market fall much from here.
- FIIs were net sellers Yesterday but DIIs turned Buyers.
- Expecting the Consolidation phase to continue for a while now.
- Reliance after a big rise for few Months and a sharp fall on Wednesday Afternoon might look to Consolidate now.
- Not Expecting a great deal of Momentum or selling today.
- Generally Fridays are days of Consolidation for Markets.
- Bank Nifty gave a good rally Yesterday but it's also very Weak still.
- Nifty might Trade between 10720-10880 today.
- Do not carry any open Positions over the Weekend of weekly Expiry.
- 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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