- U.S Markets closed lower Yesterday.
- Right now Dow Futures are also flat.
- Asian Markets are very Volatile.
- Particularly Hang Seng and Chinese.
- As of now it looks like the fall has been stabilized over there.
- SGX Nifty is Trading near 15800.
- Earnings season in U.S has been particularly good.
- Many companies have declared fantastic results.
- This is not the case in India.
- Indian Companies have majorly declared poor results and below expectations.
- Majority of the Stocks have fallen after declaring results.
- Yesterday Doctor Reddy fell by 10% Intraday due to poor results.
- Doctor Reddy 4950 PE went from 0.25₹ to 196 yesterday which is 1,20,000% higher.
- That's why I always advice to avoid Stocks and stick to Indices , Nifty and Bank Nifty.
- I know some People who sold Put options of Dr reddy and they have gone bankrupt.
- Those leverage traders who were long also faced big losses.
- Stocks tend to be Highly Volatile and one needs to be highly careful.
- 15800 CE on Nifty has the highest open interest.
- This looks like Market might face resistance at these levels.
- Expecting range to shift from 15600 to 15850 for coming 2 days.
- Nifty might Trade between 15680 to 15840 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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