- US markets closed yet at record highs.
- Asian Markets are flat.
- Although U.S jobs data wasn't upto the Mark , Markets are keeping their Momentum alive.
- The trend is:
- Market opens with a gap up , some profit booking comes and it gets bought into and Ultimately Market closes higher.
- This is the Scenario from past few Months.
- Good Corporate results , Vaccination and Passing of Stimulus are key Positives.
- NIFTY has rallied from 13600 to 15150 in 6 trading sessions.
- Bank Nifty from 30000 to 36000 in the same period.
- Auto Stocks also started performing Yesterday.
- Maybe due to Opening of Tesla Electric Plant in India , these Petroleum and Diesel Automobile companies are under pressure.
- 15500 Straddle has the highest open interest in Monthly Options.
- Expecting Markets to Consolidate near 15500 which is also 400 Points away from current level.
- So we have an upside potential of another 400 Points on NIFTY from here.
- Bank Nifty 37500 Straddle has highest open interest.
- So this level seems to be a mean for Feb month.
- Nothing more to preamt.
- We are witnessing one of the Greatest Bull Market of all time.
- Just follow the trend.
- Buy dips , do not do anything fancy.
- Stay in the game and let Market reward you.
- Nifty might Trade between 15080-15320.
- 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