- U.S Markets closed Slightly Negative Yesterday.
- Nasdaq closed slightly positive.
- Right now Asian Markets are mostly lower.
- SGX Nifty is down by 10-20 Points.
- Yesterday Markets opened higher and continued the Momentum.
- What was a bit surprising about Yesterday's rally was U.S Futures were down Intraday and European Markets were also lower during Market hours.
- Still our Markets closed firmly in Green.
- Reliance was the outperformed even Yesterday.
- Bajaj Finance and Bajaj Finserv both witnessed profit booking due to Cautious view by Managements.
- Bank Nifty facing some reistance near 35500.
- Bank Nifty will gather steam if we get closing above 35500.
- On the lower level 35200-35100 is a good support.
- Bank Nifty from quite some time trading within this range.
- When Everybody expects an index to go up it generally consolidates.
- When these people lose patience and dispose their positions it rallies.
- Most of the Technical people expecting Bank Nifty to go higher so it's Consolidating.
- Patience to stick to your positions and conviction rewards.
- In spite of Global Markets witnessing profit booking Indian Markets are outperforming.
- 15700 PE has added large open interest yesterday.
- This is in the money option still added huge open interest.
- Expecting this level to be a good support for Nifty for coming days.
- Nifty might Trade between 15680-15840 today.
- Expecting a Rangebound day on Nifty and Bank Nifty with 100-150 Points plus or minus.
- 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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