- US markets closed at fresh all time high Yesterday.
- Dow Futures are now mildly higher.
- SGX Nifty is trading around 14850.
- Markets have been fairly Rangebound for last Expiry.
- India VIX has also fallen.
- Options Premiums indicating a fairly ranging Market ahead with a positive bias.
- Yesterday U.S announced waiver of Intellectual property rights on Vaccines.
- This has come as a positive news and after many days of selling by FII's , Yesterday was their first significant buying day.
- Weekly jobless claims came better than expected and lowest post pandemic figure.
- This is a very important data reported by the U.S.
- Today HDFC twins are set to declare results.
- Market expecting good numbers from both these stocks.
- These both stocks will decide today's action in indices.
- Do not carry Positions over the Weekend without hedge.
- This week's expiry is a truncated expiry as we have only 4 working days as Thursday being a holiday.
- So options premium are low already.
- Fed made a statement saying there is a significant rise in asset classes and they are vulnarable for a sharp correction.
- RBI had come up with a similar statement when Nifty at 12k saying there's excess liquidity due to which Markets are higher and fundamentals not that great.
- But Market went to 15k.
- In Bull Market all the Negative news get ignored and in Bear Market it gets Amplified.
- Nifty might Trade between 14680-14940 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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