- US markets closed flat Yesterday.
- Markets all over the World are in a Consolidation mode currently.
- Many Asian markets are closed today for Holiday.
- SGX Nifty is down by 40 Points and near 15100.
- Yesterday we witnessed a highly Volatile trading session.
- Nifty was down 100 then in Negative then Negative 100 and then finally closed in Green.
- Yesterday I mentioned 15k as a critical support and it worked out well.
- Markets have rallied non stop after budget so they require a breather before rallying further.
- Consolidation keeps the market strength in check and bulls will be motivated by this.
- My Expiry range which I mentioned yesterday was 15k to 15400.
- Today I expect Nifty to expire between 14960 to 15240.
- Today may not be that Volatile as it was Yesterday.
- Expecting first half to be normal and Volatility may kick in for the second half of trading session.
- Bank Nifty finding resistance around 36500-36600.
- Markets closed almost flat for two days.
- Clearly 15270 is a strong resistance for Nifty now.
- I've sold 15250 CE and 14950 PE Yesterday on Nifty.
- Expecting to eat away all the Premium by today expiry.
- Nifty might Trade between 14960 & 15240.
- 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