- U.S Markets closed 400 Points higher Yesterday but Dow Futures is Trading 0.5% lower now.
- Asian Markets are all Slightly Negative.
- SGX Nifty is down 40 Points are Trading near 10750.
- Yesterday the Markets Witnessed a big rally on the back of Support from Global Markets.
- FII's & DII's were net Buyers Yesterday.
- Markets have Rallied very Quick in very short time.
- Markets need to slow down and Consolidate a bit now.
- Expecting today to be the day of Consolidation for Nifty.
- LargeCap Heavyweights Performed extremely well Yesterday.
- Reliance was Suggested as a Long Term Recommendation rallied more than 3%.
- HDFC Bank on the back of Good Numbers was up 3% Yesterday.
- Trend Still remains Bullish and it is Still a Buy on dip Market.
- Markets pause after big rallies but that doesn't mean Trend has changed.
- Bank Nifty failed to cross 22400-22500 Yesterday.
- Due to which Nifty was Unable to Sustain above 10800 Yesterday.
- This might take some time to happen.
- Today Markets might trade within a flat range of 100-120 Points on Nifty.
- I have Squared up all my Put Options sell Positions Yesterday as Premiums are already down by 60-70% while still 3 days left for Expiry.
- Will be waiting for dips to sell Put Options.
- Nifty might Trade between 10700-10800 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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