- 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 higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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