- U.S Markets closed slightly higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15750.
- Asian Markets are mostly Positive.
- Yesterday we opened higher and were consolidating in the first half.
- Second half witnessed good profit booking due to Bank Nifty Underperforming.
- Bank Nifty has huge open interest at 35000.
- This would be a stiff resistance for today.
- Option Premiums are too low already.
- This is because India VIX is Trading below 15.
- In Spite of such low Premiums option sellers are confident to sell options.
- Risk is if any sudden news or move comes then premiums can rise significantly in no time.
- Another point I wish to mention is Small Cap and Midcap stocks a major chunk is highly Overvalued.
- The IPO's which came before had unreasonable valuations but most of them have been corrected.
- Some correction is due still.
- When Stocks without Fundamentals start to go up that's when you start to worry.
- If you have invested anywhere in last 1 Year most probably you made money as most of the stocks have gone higher.
- Now Dynamics have changed.
- This will be a Stock pickers market from now.
- Those who can choose fundamentally and technically sound stocks only can make money.
- Nifty might Trade between 15680 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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