- U.S Markets closed slightly lower Yesterday.
- Asian Markets are all mostly higher.
- SGX Nifty is almost flat near 15250.
- Bank Nifty had underperformed yesterday.
- HDFC bank in particular dragged Bank Nifty.
- Reliance is also trading lower.
- The frontline heavyweight stocks are in a Consolidation phase.
- I expect this to continue today as well.
- Yesterday high Open Interest has been added at 15300 CE.
- Bank Nifty also added huge open interest at 35000 CE.
- These levels will act as a huge resistance for the next 2 days.
- But however this is Monthly expiry week & due to Expiry related issues things might change.
- FII's were net buyers whereas DII's sold Yesterday.
- India VIX at one point of time was higher 10% but closed below 19.
- Option Premiums are too low that indicates not a big move ahead.
- Even June Expiry options are trading at such steep discounts.
- Markets are slowly inching higher and it's a matter of time before we hit fresh all time highs.
- However for today and tomorrow I'm slightly bearish.
- Wednesdays are generally highly Volatile considering the expiry day the next day.
- Use every dip to buy for long term point of view.
- Nifty might Trade between 15120-15320 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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