- US markets closed Flat Yesterday.
- Asian Markets are mostly in Green.
- SGX Nifty is up 80 Points near 11450.
- Yesterday our Markets Witnessed big selling pressure.
- Indo - China border news and also SEBI new Margin frameworks were the root cause for the same.
- India VIX was up 22% Yesterday.
- Put options prices rose to 10 X Intraday.
- This is a one off day and usually doesn't happen many times.
- Expecting Markets to be very Volatile today as well.
- Today also in the first half bears will try to sell every rally.
- If you get follow through on the short side you should go short.
- If there is no follow through and Markets cross the day high then we can withess short covering.
- So one should be prepared to trade both sides today.
- GDP data was also very bad and not as per Expectations.
- The Million dollar Question is?
- Has the Trend changed or is it just a Single off day?
- According to me it's a Single off day.
- In Bull Markets sharp corrections like Yesterday present buying Opportunity.
- Bears stay happy only for a day but Bulls take over again.
- So use these hard sell offs to build long Positions.
- Nifty Might Trade between 11340 to 11500 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
Comments