- U.S Markets closed more than a percent higher Yesterday.
- Asian Market's are mostly higher.
- SGX Nifty is trading above 15300.
- Yesterday we had a Consolidation day after a big rally on Friday.
- Bank Nifty is outperforming Nifty.
- SBI in Particular has been outperforming after declaring excellent results.
- SBI results have boost the sentiment in Banking Stocks.
- I mentioned yesterday, we might hit fresh all time highs this week itself.
- There are huge short Positions still in the Market and these people will have to square off their shorts by the end of expiry.
- This will propell the Markets even higher.
- Bank Nifty has the highest shorting in the system.
- That's one of the reason of outperformance in Bank Nifty.
- FII's were net buyers Yesterday while DII's were sellers.
- Perhaps due to DII's selling market corrected slightly in last 30 mins Yesterday.
- U.S markets were in Consolidation due to inflation fears and Bitcoin crash.
- Yesterday Bitcoin was up 10% and Inflation fears also have been timid.
- This has again resumed the Uptrend in Global Markets.
- Do not try to "SHORT" this Market now.
- Just wait for dips and try to add onto longs.
- Yesterday as well Nifty gave an opportunity near Support of 15150 to enter.
- Today as well there will be an Intraday dip.
- Use this dip on your favour.
- I've sold 15000 PE , 15100 PE , 15050 PE , 14950 PE this week expiry.
- Have sold Bank Nifty 33000 PE , 34000 PE for next week as this week premiums are already low for Bank Nifty.
- Nifty might Trade between 15220-15380 today.
- Today if Nifty opens above 15300 then we will be just a percent away from all time highs.
- 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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