- U.S Markets closed slightly lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is trading around 16250.
- We are poised for a flat opening today.
- Yesterday Bank Nifty saved the day for Bull's.
- Nifty after a long time underperformed Yesterday.
- I expect the Underperformance to continue for this Expiry.
- 16000 PE has the highest open interest for this week's Expiry.
- So on any dip selling 16k PE is advisable for Bulls.
- Yesterday we consolidated throughout the day on Nifty.
- Bank Nifty was very Volatile as Expected.
- This is not a Market where you can blindly go and buy any stock and make money.
- Market is highly Overvalued now so one has to be stock specific in this Market.
- IT stocks still have some steam left.
- This is a place for safe investors.
- Metal stocks have already rallied and doubled in last 6 Months.
- This sector doesn't seem attractive to me.
- Consumer , FMCG & IT are preferred sectors as of now.
- Nifty might Trade between 16160 to 16320 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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