- US markets stabilised Yesterday.
- Closed in Green , though not a big rally but stabilisation is a good outcome.
- Asian Markets are mostly flat.
- SGX Nifty is also flat.
- Markets this week and highly Volatile.
- Within seconds , the Positions have been changing.
- Trading in this Market without a Pre determined plan and Stoploss can kill a Trader.
- So better to follow these rules while Trading or stay away from Trading in such heavy Volatility.
- 11200 was a major support for Nifty and it got taken out Yesterday.
- Infact we closed below 11200 on Nifty Yesterday.
- 21000 is a major support for Bank Nifty & that was also breached Yesterday which is not a good sign.
- We are clearly on a sell on rally market now.
- Use every Pullback / rally to sell into this rally.
- I have been selling Call options of Banking stocks as I'm bearish about Bank Nifty.
- Markets have been irrational post March but sooner or later they have to come in line in Reality.
- That's what is happening currently.
- This is the time to book profits for those who haven't booked near 11700-11800 on Nifty.
- I adviced to book profits near this range for investors.
- FII's have been selling aggressively.
- DII's supporting by buying but not of high Amounts.
- India VIX was low Yesterday but Volatility was pretty high.
- Nifty might Trade between 11080-11320.
- 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