- U.S Markets closed slightly higher yesterday.
- Asian Markets are mixed.
- SGX Nifty is up by 10,20 points.
- U.S Markets are into a long term consolidation.
- Our Markets are on the verge of making fresh highs.
- Mid cap index has already touched fresh all time highs.
- Due to some underperformance in heavy weight stocks the major indices might take some time.
- Today is the May expiry & it has been a very good month for the Bulls as on today.
- Nifty is away just a percent from all time highs whereas Bank Nifty is away 7-8%.
- As for value traders Bank Nifty has a good value on the upside from here.
- It's just a matter of time before the Bank Nifty catches up with Nifty.
- Reliance and HDFC Bank have been underperforming the Nifty.
- Once these 2 stocks turn around then the situation will change.
- It's a buy on dip Market.
- 15000 is a strong support and any dip can be used to sell 15000 PE June Expiry.
- FII's were net buyers whereas DII's were on the sell side.
- Monthly Expirys are highly Volatile so trade with caution today.
- Nifty might Trade between 15180-15420 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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