- Dow Future's from being -0.8 have turned positive to 0.4%
- US and European Futures are Mindly higher.
- SGX Nifty is Trading around 12970.
- Indicating gap up around 100 Points.
- Volatility is too high in the Markets now.
- On Friday Nifty rested 12700 and almost recovered 200 Points in about 2 hours.
- Markets are moving sideways in a range but with Big Volatility.
- This Gap up of 100 Points isnt Justifiable to me.
- I'll observe the Markets after opening and see the price action.
- If Nifty isn't showing strength near 13k my first trade would be to take a short position with around 50 point stoploss.
- If 13k is crossed , sustained and my Stoploss is triggered I would become Bullish.
- 13k has added big open interest so it will act as a Resistance.
- This week we have weekly + Monthly Expiry both together.
- So Volatility would be much more higher.
- You need to risk a substantial amount of risk to make good money in these kind of Markets.
- Banking sector would be in focus today due to Lakshmi Vilas Bank dissolution news.
- Will it be merged with any bank or not would be a big question.
- Nifty might Trade between 12840-13000 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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