- U.S Markets closed higher Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15840.
- Yesterday Night SGX Nifty touched 15900 briefly.
- Expecting a ranging expiry today as well.
- 15900 CE has the highest open interest among call options so this will act as huge resistance.
- 15800 PE has highest open interest.
- So expecting markets to trade within this range.
- Bank Nifty yesterday took support at 35500 and bounced back sharply from those levels.
- Any dip towards 35500 should be bought into for Bank Nifty.
- I would like to buy into today's dip at open.
- Clean Science IPO is a recommendation from our side.
- Company has reasonable valuations with strong growth prospect.
- You can apply into this IPO both for listing gains as well as Long term.
- Auto Sector to perform Negative due to Semi Conductor shortage.
- This is Temporary.
- So long term investors can invest into dips in Auto Sector
- Nifty might Trade between 15760 to 15900 today.
- Bank Nifty might Trade between 35400 to 35900 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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