- US Markets closed Higher Yesterday.
- Right now , U.S Futures are flat.
- SGX Nifty is Trading near near 13960.
- Asian markets are Mixed.
- Today is the last day for December series.
- 2020 has been a very Volatile Year.
- First we had big fall and then Fantastic recovery.
- 14k is a big Resistance & as of now we are defending this level.
- If 14k is crossed and sustained we will witness 14100 is no time.
- 13800 is a good support to work for today.
- So my Expiry range is 13800-14k.
- With a condition of BREAKOUT at 14k.
- Reliance has been consolidating is 100 Point range since last Month.
- For Markets to make higher highs from here Reliance has to perform.
- Union Budget would be a very Important event for Markets now.
- Projections , growth , deficit , Inflation etc would be some big numbers.
- I've sold 13800 PE & 14100 CE.
- Would be sitting in 50% gains today Morning.
- Would adjust my Positions accordingly based on Market Movement.
- Nifty might Trade between 13880-14040 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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