- U.S Markets closed yet at another record high Yesterday.
- Dow futures are slightly positive currently.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15800.
- It seems like U.S Markets have finally broke out of the consolidation.
- The Momentum on the upside has begun.
- Our Markets have still been Consolidating.
- Yesterday we witnessed a fresh rally in our Markets.
- This was largely due to Domestic Institution buying and FII short covering.
- Still I feel we will consolidate and chop around.
- I do not see Indian Markets crossing 15900-16k for this Expiry.
- One should trade the range now.
- Range is 15700-15900 on Nifty.
- When we get to lower end that's the time to buy.
- Near upper end is the time to sell.
- Be satisfied with small gains if you are an option buyer.
- Even 30-40% on the option is a great performance In this Market.
- Waiting for the option to become 2X -3X invites trouble.
- Bank Nifty looks weak and resistance might kick in at 35400-35500.
- Nifty might Trade between 15700 to 15900 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
Comments