- US markets closed higher on Friday.
- Asian markets are higher.
- SGX Nifty indicates more than 100 Point gap up as of now.
- Thursday it was a big down , today a big gap up.
- Volatility continues to be extreme.
- India VIX was up on Friday which is natural when Market goes lower.
- Today's gap up is majorly due to good Job numbers posted in U.S
- Market is being Volatile but is Trading within the range.
- Rangebound Approach is to be adopted for making money in this Market.
- Mean Reversion strategy should be used by students attended training from me.
- The primary range is 14800 to 15200.
- Broader range is 14500-15200.
- Take counter positions near extremes and apply Mean Reversion.
- Fundamentals data from China is also good.
- They have reported good Export Import data.
- It's March End and it's Financial Year closing time.
- Squaring up of positions , booking profits etc are natural in such scenario.
- Volatility can increase as we go ahead in March series.
- Nifty might Trade between 14920-15140 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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