- US markets closed more than a percent lower Yesterday.
- Asian Markets are Mindly Negative.
- SGX Nifty is Trading near 11150.
- Technology stocks led the Decline in U.S.
- Talk of the Town is Amazon is looking to invest 9.99% in Jio Retail.
- After Jio has bagged so many Investments now Retail counter not holding back.
- Reliance could single Handedly control Nifty downfall.
- Last 4 weeks there was a pattern.
- Nifty went up on Friday , Monday , Tuesday.
- Corrected a bit on Wednesday and again rocketed back on Thursday.
- This was going on from last 4 weeks with Volatility bring reduced.
- Coming to this week I am Expecting a very Volatile Expiry.
- Remember Weekly expiries are less Volatile Compared to Monthly Expiry.
- Monthly Expiry there is big Participation and rollovers in F&O lead to big movements.
- Im Observing this from last 3 Months Expiry and all Expiry have been Highly Volatile.
- Those who made money in July should now focus on Protecting what you have made.
- Protecting profits is very important & if you Cannot do that then Volatility can easily take back most of it.
- A Trader should know when to trade like Rahul Dravid & when to Trade like Virender Sehwag.
- All the 4 weeks we have Traded like Virender Sehwag now it's the Tricky situation in the Match so not throwing our wicket is important ( ie , Protecting profits is important).
- Now it's the time to Trade like Rahul Dravid which is very defensive & not take big Positions.
- Expecting a bit of correction in our Markets.
- Reliance might hold up Nifty but Bank Nifty will be weak compared to Nifty.
- In July we are up more than 1000 Points on Nifty , so now is to take some caution.
- As one Negative news or event Markets can fall swiftly.
- Do not carry any Positions over the Weekend.
- There are Many events lined up in U.S Markets.
- ITC is going to Declare its results today so that is an Important event to watch out for.
- Nifty might Trade between 11060-10240 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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