- U.S Markets closed higher Yesterday.
- Asian Markets are also Trading higher.
- SGX Nifty is indicating a positive opening around 15800.
- The talk of the town is U.S Inflation data.
- The General Expectation was 4.7% but it was come way higher at 5%.
- In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me.
- Higher Inflation leads to higher interest rates and that is a negative news for Market.
- Higher Inflation also reduces the purchasing power.
- Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands.
- Market should start moving normally higher.
- That's what exactly happened yesterday's expiry.
- Market closed at the highest point of the day yesterday and trapped shorts.
- Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty.
- Once we start sustaining above these levels then further short covering will take place.
- On Wednesday at one point of time my MTM loss was near 4 lakhs.
- People will show you how they were right on a trade and how the made Money.
- Hardly anyone would say you how to tackle such Volatility with Adjustments.
- That's what succeeds a trader in the longer term.
- I didn't panic did some adjustments and yesterday it's reduced to 50k.
- One needs to understand the risks and rewards and shouldn't panic by looking at MTM status.
- I know many people on Wednesday Stoploss got triggered in both the directions.
- Bank Nifty might Trade between 35000 to 35500 today.
- Nifty might Trade between 15720 to 15880 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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