- US markets closed a percent higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is Trading around 11240 now.
- Yesterday our Markets Witnessed large profit booking in last hour.
- Reason was Majorly Reliance.
- Today around 5.30 pm it is coming up with Results .
- So there was a heavy profit booking here.
- The good thing is Yesterday in Spite of Markets closing low most of the stocks were in green and few in red.
- Market breadth was towards Advances.
- Yesterday US fed came up with a Positive Outlook and came up with measures to revive economy.
- Also they have said that they have all the Tools to ensure Liquidity and use it when needed.
- This Created a Positive sentiment and US markets rallied.
- Many people after Yesterdays fall start to Question that has the Trend changed.
- According to me the answer is NO.
- Trend will not change until Global Markets become Bearish.
- As long as Global Markets are Rallying we will also Participate.
- Every dip is buying Opportunity.
- Expecting Today's Expiry to be Rangebound with a Slight Positive Bias.
- Expecting today's range between 11180-11340.
- Will set puts below 11200 and calls above 11350 and keep Adjusting positions.
- Have not Carried any Positions due to event in U.S.
- But that has come on expected lines so there is not much impact on our markets.
- Consult your Financial Advisor and trade on your own risk.
- 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