- U.S Markets closed lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is Trading near 15670.
- Yesterday we witnessed a huge profit booking during the day.
- Expiry related issues also contributed to the downfall.
- Expiry related issues means those trading in weekly options have to square up their positions the same day.
- Thus leading to further fall.
- A Positive which we had Yesterday was Nifty didn't break crutial level of 15700.
- 15700 was managed to hold yesterday.
- From last 4 weeks Nifty is trading within 15700 to 15900.
- This is a very narrow range.
- Yesterday we fell due to Global Markets jitter.
- Delta variant cases are growing much faster than expected.
- Some Asian Countries have announced higher restrictions due to the same.
- Today I expect Nifty to test 15700 if it manages to hold on then second half we may witness upmove.
- TCS has declared results yesterday and are good at first sight.
- India VIX shot up 11% yesterday.
- Volatility is likely to increase going ahead.
- Nifty might Trade between 15620 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
Comments