- U.S Markets closed slightly higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15900.
- Asian Markets are mostly Positive.
- Yesterday we opened higher and we're consolidating in the first half.
- Second half we witnessed profit booking near all time highs.
- 15900 is acting as some resistance now.
- Specially for Bank Nifty all rallies near 35k have been sold into Aggressively.
- Bank Nifty from last 3 weeks is Trading near 35k.
- I had done 35k Short Straddle in Bank Nifty 2 weeks ago & Exited with 300-400 Points.
- Had i been holding till today it would've been 1000+ Points gain.
- This is how weak the Bank Nifty is.
- Reliance AGM is scheduled on Thursday.
- Mota Bhai might come out with some surprises.
- Never go against Mota Bhai.
- If Nifty has to cross 16k Bank Nifty should start performing and Reliance should less the rally.
- To make 16k Possible.
- Today is Wednesday and Markets are majorly Volatile specially on Wednesdays.
- Plus Premiums are already too low for Monthly Expiry.
- Option Writers are adviced to shift for next week's expiry or better exit positions and stay away until tomorrow.
- Nifty might Trade between 15760 to 15940 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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