- US markets closed flat Yesterday.
- At one point of time U.S Markets were down about a percent but it had recovered all of its losses Intraday.
- Nasdaq was down whereas Dow was positive.
- SGX Nifty hit a low of 14380 Yesterday but now it's trading near 14600.
- 220 point recovery overnight.
- Asian Markers are slightly positive now.
- RBI Governer Mr.Shaktikanta Das is going to address Media today.
- This is on a very short notice and also Unscheduled.
- Markets are expecting some positive news out of the speech hence SGX Nifty is firmly higher.
- Today's Market movement will be based on what RBI Governer addresses.
- If it is a Non event Market will be trading based Global Markets etc.
- Or else if it is something important then Markets will follow RBI Governers news.
- Yesterday I mentioned that Nifty might Trade between 14500 to 14800 for some days.
- Yesterday we broke Lower level marginally but today's opening again will be within these levels.
- If nothing major comes out of RBI Governers speech then I expect this range to continue for today as well.
- Markets all over the World are in a Consolidation zone.
- This Consolidation is happening with high Volatility and high swings.
- Last 2 Months March & April on a close to close basis Markets have gone nowhere and are at same level.
- Only a trader knows what was the Volatility durring these times.
- So the Market focus would be on Shaktikanta Das today as he would be takikg Center stage.
- Remember that tomorrow is expiry and Wednesdays session is very Volatile.
- Nifty might Trade between 14400-14780 today.
- Slightly bigger range today as we have a news based event today plus Wednesday Volatility would also kick in.
- I haven't done any changes to my positions except I've shifted 14900 CE to 14800 CE when Markets fell yesterday.
- Remaining Positions I'm holding still.
- 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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