- US markets ended Mindly higher Yesterday.
- Asian Markets are Trading Mindly Positive.
- SGX Nifty is Trading near 11190.
- Markets have Continued their rally Yesterday as well.
- Those who Carried their positions took Advantage of it.
- Those who Traded Intraday could hardly make any money.
- HUL results were announced Yesterday and they were outstanding.
- Axis Bank came up with decent results and Axis GDR was up 10% Yesterday.
- Yesterday Surprisingly Bank Nifty Futures were Trading at Premium.
- This Indicates Excessive bullishness in the Market.
- 23000 is an Important level for Bank Nifty & once this is taken out Bank Nifty would be eyeing 23300-23500 in no time.
- Bank Nifty can by itself take Nifty higher.
- Another Positive point is U.S Vix is now below it's 200 DMA and India VIX was also below 24 Yesterday.
- This Indicates less fear and less Volatility in the Markets.
- 11200 is also an Important level for Nifty and once this is taken out and we Sustain then we can expect big move here as well.
- For me , it's very simple I have taken long Positions near 10900 and Im just sitting on them.
- Have been Trailing my Stoploss.
- Now my Stoploss for my Long Positions is near 11020-11050.
- FMCG Stocks and Banks are likely to Outperform Today.
- Nifty might Trade between 11080-11320 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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