- U.S Markets closed Mildly lower Yesterday.
- Nasdaq closed much lower Yesterday.
- Asian Markets are also trading lower.
- That is the reason of SGX Nifty trading lower by 30 Points now.
- Yesterday we had weekly expiry and it was a very stable one after so many weeks.
- Maybe this SEBI margin rule has reduced the Volatility due to which there are not big swings life before.
- India VIX fell another 10% yesterday.
- Now India VIX is close to 15 and below 16.
- India VIX below 15 indicates less Volatility and the Bull Market to continue.
- Reliance has crossed it's all time high of 2200.
- Reliance won't let Nifty fall significantly.
- This alone will propell Nifty higher and control the Markets.
- Today RBI Policy at 10 AM.
- The general Expectation is Status Quo and it's likely to be a non event.
- However due to RBI event Bank Nifty might be Volatile for a short span.
- Currently , I'm Bullish on Bank Nifty more than the Nifty.
- Nifty has already crossed all time high.
- Whereas the Bank Nifty is still 2000 Points away from all time highs.
- Bank Nifty seems to be a good value play now.
- 35500 is a good support on Bank Nifty.
- 35000 is the longer term support.
- So every dip is a buying opportunity now and Markets look extremely bullish.
- Nifty might Trade between 15580-15780 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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