- US markets ended on a Flat note Yesterday.
- Asian Markets are also in Consolidation phase.
- SGX Nifty is Trading around 12270.
- Yesterday our Markets opened at fresh highs but we witnessed good profit booking Intraday.
- These sort of dips and Corrections offer a good Opportunity to build longs and re enter.
- In Bull Markets dips get bought into much faster.
- Feb first week we witnessed a fantastic rally in our Markets.
- After that we are into Consolidation phase.
- Uptrend is still intact while in Consolidation.
- India VIX was slightly higher Yesterday due to correction which had happened Intraday.
- Usually on Wednesdays India VIX stays higher and Volatility is more.
- Expecting this Expiry between 15040-15420.
- Highest Open Interest is in 15000 PE and 15400 CE.
- That's the reason why we witnessed good profit booking Yesterday at higher levels.
- I would be looking to trade in Extreme levels of the range.
- DII's have been Contineously selling this week.
- Actually , the Selling Number of DII's is more than buying of FII's.
- Bank Nifty looks Stronger to Nifty.
- But at the same time Bank Nifty is highly Volatile.
- Moves are quite fast compared to that of Nifty.
- Nifty might Trade between 15120-15350 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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