- U.S Markets were closed Yesterday.
- Right now U.S Futures are slightly higher.
- Asian Markets are mixed.
- SGX Nifty is trading near 15600.
- Markets are going through a honeymoon period.
- Yesterday there a small dip in first 30 mins which had been bought into quite aggressively.
- We closed at the highest point of the day Yesterday.
- Now it seems that Everybody is Bullish.
- That's why I'm a bit worried and feel it's the time to be cautioned.
- A 200-300 Point correction can be a good opportunity to go long rather than chasing the rally.
- Yesterday as well India VIX closed below 17.
- Option premiums are too low now.
- Im not interested to sell any weekly options now in such low premiums.
- FII's are long over 90% at current levels.
- This shows that if any Negative news comes they might book profits and markets might fall.
- Reliance was the star of the show yesterday and was up 4%.
- Wait for dips to enter into & don't chase this Market.
- Bank Nifty offers good risk reward to enter near 35k.
- Nifty might Trade between 15460-15680 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
Comments