- US markets closed higher.
- Dow futures were Negative Yesterday after the debate.
- Asian Markets are higher
- But overnight everything changed and now they are higher.
- SGX Nifty is more than 100 Points gap up.
- Today is expiry and tomorrow markets are closed , so this is going to be a long weekend.
- Yesterday my advice was to sell near 11300-11350 and that worked for the day.
- Now this Gap up is also a good Opportunity to sell into.
- Bank Nifty not looking much stronger.
- Nifty is more bullish than Bank Nifty.
- But after this big gap up buying doesn't match risk to return.
- FIIs continue to sell heavily
- Whereas DII's are pumping in cash and Supporting our Markets.
- Yesterday they have sold for more than 700 crores.
- Bank Nifty is likely to be much more Volatile today.
- Option sellers should avoid Trading Bank Nifty today as Stoploss of both directions might get hit
- Stoploss for short trade on Nifty could be near 11420
- Nifty might Trade between 11260-11440.
- 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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