- US markets closed higher Yesterday.
- Second Consecutive day of record high closing for U.S Markets.
- Asian markets are struggling to maintain momentum.
- We have very good Global cues but the local cues seem to be creating an issue for the Markets.
- Yesterday as well , Nifty was unable to cross it's resistance of 15k.
- From last 2 Months as & when Nifty tries to cross 15k , selling pressure emerges.
- SGX Nifty is trading at 14920 now.
- Bank Nifty is the underperformer.
- Bank Nifty underperformance is effecting Nifty as well.
- Yesterday too in last 30 mins, Bank Nifty fell 500 points.
- On a close to close basis we closed exactly where we closed the previous expiry.
- The Volatility in between this was very high.
- Yesterday India VIX again closed below 20.
- Now India VIX below 20 indicates very low premiums for options.
- As and when India VIX has closed below 20 , in coming few days again the Volatility has increased.
- After a tremendous Bull run we are consolidating.
- 14200 to 15500 is the range.
- In between this 1300 points we have been highly volatile.
- Market is going nowhere but still acting as if something major could happen.
- I feel we might consolidate for some more time.
- Bank Nifty has to outperform for Markets to touch all time highs.
- Same way don't expect big correction from here.
- Every dip close to 14500 is a buying correction and rallies close to 15100 are selling Opportunities.
- Nifty Might Trade between 14760 to 15020 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
Comments