- U.S Markets closed higher Yesterday.
- Right now U.S Futures are trading higher.
- SGX Nifty is trading near 15820.
- 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 & Reliance.
- Bank Nifty was unable to cross 35k yesterday.
- Exactly where the highest open interest was built into.
- Yesterday was one of the least Volatile monthly expiry after many Months.
- June Series was good for the Bulls with Nifty closing 400-500 points higher than preiuous month.
- Bank Nifty underperforming heavily.
- Reliance and IT Stocks have led the rally.
- Going ahead we can expect Bull Market to continue.
- Every dip is a buying opportunity.
- If Nifty has to cross 16k then Bank Nifty has to start performing.
- Bank Nifty support Is required now for Nifty to reach fresh highs.
- I would look to sell Nifty near 15900 today and buy near 15760-15720 with 30-40 points Stoploss either side.
- Nifty might Trade between 15720-15920 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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