- U.S Markets closed higher Yesterday.
- Right now Dow Futures are lower.
- Asian Markets are down.
- Asian Markets like Hang Seng & China recovered yesterday but now both are lower.
- SGX Nifty is trading near 15740.
- Yesterday we had a normal expiry.
- There were no big moves and market was highly rangebound.
- For whole of July series our Markets didn't go anywhere.
- We closed exactly at the same place we closed in June.
- June expiry Nifty was at 15800 and July expiry it's the same as well.
- Nifty traded in a very narrow range of 300 points for whole of July.
- Bank Nifty within a thousand point range.
- Consolidation is good for Bull Market in the Long run.
- My only worry is the Stocks are rising but the Earnings ain't catching up.
- Bull Market can run and can go high on hope but earnings have to catch up.
- If earnings are not catching up it's difficult for the rally to survive.
- Be very specific in this Market from now.
- Buying Junk Stocks can make you lose what you made in a matter of few weeks.
- This Market looks tired to me at higher levels.
- We need some trigger to get out of this range.
- FII's have been selling for more than 2000 crore on a daily basis.
- Market is withstanding the Heat only because of DII's & Retail people.
- Option sellers need to be extra cautious in this Market while carrying and selling options.
- Premiums and VIX are too low and any sudden news can shoot up the Premiums.
- Im applying a mix of sell and buy strategies with primary trade of buy side.
- Do not think of selling naked options in this Market.
- Nifty might Trade between 15640 to 15820 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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