- US markets closed higher Yesterday.
- Trump won't let the U.S Market fall before Elections.
- This is the fourth straight day where U.S Markets were up by a percent.
- So the Momentum seems very strong.
- One formula is for sure "Until U.S Markets keep going higher we will not fall" much.
- We may or may not go up in line with their Markets.
- But definitely we won't fall.
- Yesterday Indian Markets were freezed for about 5 Minutes and NSE rates were not reflecting.
- These technical Glitches need to resolve immediately.
- Traders pay all the Requisite taxes so why don't the Exchanges provide them with well Equipped Technology.
- Maybe all this was due to Power Cut in Mumbai and we expect this doesn't happen Constantly.
- Wipro is likely to come up with results today and the Market expects something big out of them.
- The ITM Straddle up Wipro is 15% higher.
- Which states that after the result we may expect some big move in the stock.
- Big players get Information before hand and they build Positions previously.
- We retail traders need the skill to identify where they have Positioned.
- It's true that Market follows big money.
- SGX Nifty trading around 11930 now.
- I mentioned Yesterday 12000 should act as a Resistance at least for some time and it has worked Yesterday.
- Trade remains the same for today.
- Try to initiate sell Postions near 12k with a Stoploss of 40-50 Points.
- Nifty might Trade between 11850-12030 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