- US markets closed more than a Percent lower Yesterday.
- Trump has halted the second Stimulus.
- He Announced that Stimulus will be given a consideration after November Elections.
- But Asian Markets are mostly Postive.
- SGX Nifty is around 11700.
- Trump halted Stimulus talks.
- There has been a one way rally for Nifty from 10800 to 11700 is less than 10 trading sessions.
- 11800 was the recent high made by us if this gets broken then 12000 is the target.
- But I think it would take some time and wont happen Instantly.
- In this low Liquidity and Volatile Market delivery option selling is quite risky.
- Better to close Positions Intraday.
- The view remains strong buy on dip on both indices.
- Specially for Bank Nifty as it has been Underperforming from quite a long time.
- Also be prepared to handle Volatility.
- Shorters can explore short trade near 11800 on Nifty as that would be a huge resistance.
- FII's have turned net buyers.
- When they turn into buying mode after continue selling then such magic happens.
- IT sector looks on phenomenal Bull run.
- This is to be entered on Every dip and Consolidation.
- Yesterday markets shot up in last hour and broke resistance of 11600 which is a sign of strength.
- Nifty might Trade between 11640-11820 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