- US markets closed higher yesterday.
- Asian markets are flat.
- U.S futures in red now so SGX Nifty is almost flat
- Yesterday night it was higher.
- SGX Nifty is down slightly.
- So markets are expected to open flat.
- Option writers like Markets to open flat specially on Expiry days.
- Global markets are highly Volatile and are giving big Moves on both sides.
- Stocks like SBI, Axis Bank fell nearly 20%.
- SBI once again below Rs 200.
- Yesterday afternoon news came that Silver lake is investing in reliance retail.
- Reliance bounced back from lows and recovered the Market.
- Expecting a flat to negative expiry today
- Today one more major news is supreme court hearing on banks interest.
- That will create high Volatility today.
- Option writers should be careful today.
- Look to take Minimum Quantity at first with fixed Stoploss and dont keep positions open till 3.30
- Nifty might trade between 11200-11380.
- 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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