- US markets ended flat on Friday.
- Asian markets are also Flat.
- SGX Nifty is Trading around 11200.
- From last 2 weeks Markets have been Trading within a fixed range.
- Downside level is around 10900 & on the upper side it's around 11250.
- Within this 350 point Range Markets have been very Volatile and are giving big Swings.
- Big move is expected only after this range breaks.
- Either on the Upside or Downside we can expect big Moves.
- Today is a very major event lined up for our Markets .
- Supreme Court AGR Case event.
- This event was Postponed since few Months but today we might get final hearing.
- This event is important as few banks are also involved in it .
- Bank Nifty has about 20-25% weight in Nifty so this should be kept in mind.
- Markets are likely to be highly Volatile today.
- With VIX falling in last few days there was hardly any scope for Short Straddle.
- Today if VIX rises I Might take a short Straddle of 11200 Nifty August Expiry.
- Another Important event today is Titan Results .
- Many Credit Rating Agencies and Brokerages have downgraded Reliance.
- Some have even given a target of ₹1300 and is Totally illogical.
- Reason is simple , they want to Manipulate prices and want to buy it lower for their clients.
- Pharma Shares have come up with good Results over the Weekend.
- So Pharma theme may continue to play out.
- Nifty might Trade between 11120-11280.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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