- US markets closed higher Yesterday.
- Asian Markets are all in Green.
- SGX Nifty is up by 50-60 Points.
- Today is the weekly Expiry so we may have a trending day today.
- Once Nifty crosses 11800 and Sustains above it previous high then we may witness more rally towards the end of the day.
- As conveyed Yesterday , view remains to buy on dips.
- This remains the Strategy as long as we are in uptrend.
- IT stocks are in a league of their own.
- Outperforming continuously from past 2 Months since results declaration.
- Nifty is about to complete a 1000 Points rally today from the last Monthky expiry dip.
- Bank Nifty is still Underperforming but catch up play Possible.
- The idea remains to follow the Trend , stick to it rather than Presuming too much.
- Reliance is also likely to Outperforming once it raises more Investments.
- Everything is looking fairly bullish now.
- This expiry would continue to be the same
- Usually on the expiry day the Trend continues.
- IT stocks are a buy even now.
- As these Businesses will continue to be work from home so getting high Valuations.
- Nifty might Trade between 11720-11880 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
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