- US markets closed lower Yesterday.
- Asian Matkets are Flat with a Negative Bias.
- SGX Nifty is very Flat.
- Markets have been Highly Volatile for quite some time now.
- Yesterday Expiry was also the same.
- Directionless markets with high Volatility.
- Plus SEBI rules creating panic & volume changes in the Exchange.
- Traders should be very Cautious while dealing with such type of markets.
- Hedging is a must.
- The simple Strategy to Trade in such markets is to buy gap downs and sell gap downs.
- Buy Drawdowns and sell rallies.
- Because I do not expect the Markets to go very high from here nor expect it to crash a lot.
- Bank Nifty is still very weak and has not witnessed any recovery.
- It still seems to be a laggard.
- FIIs and DIIs both were net sellers in Cash market yesterday.
- DIIs have sold for more than 1000 crores.
- Now this is a big Number.
- Monthly Expiries can be even more Volatile & then some trending move might be witnessed by Tuesday Afternoon.
- Nobody knows what will happen , let's see.
- HDFC Bank is showing strength but all the Remaining PSU stocks look very weak.
- IT & Reliance continue to be the Pillars of the Market.
- I'm neither a Bull nor a bear as of now.
- I'm taking non Directionless bets with hedge.
- Will become a direction trader when Market gives me such indication.
- Nifty might Trade between 11460 to 11620 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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