- U.S Markets closed lower yesterday.
- But U.S futures are mildly positive now.
- Asian Markets are currently lower.
- SGX Nifty is trading near 14480.
- IT Stocks were the Outperformed Yesterday.
- IT index was up 3%
- Infosys and Wipro up 5% each.
- Every dip is a buying Opportunity.
- You are almost witnessing a dip everyday on Intraday Basis.
- That dip is getting bought into towards the end of the day.
- Reliance has spent almost 2 Months is Isolation (Consolidation) now.
- It started the Bull Market but now it's gone into Consolidation.
- Reliance Consolidation can last longer than expected.
- Between 2006 to 2016 Reliance has given Zero returns.
- From 2016 to now it's 7-8X excluding Dividend.
- This is the nature of Stock Market.
- On an Intraday basis wait for dip near Yesterday low
- Around 14400 could be a good place to accumulate longs if you get a dip.
- Slowly start Building positions and do not go all in at first.
- Nifty might Trade between 14380-14560 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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