- U.S Markets closed Flat Yesterday.
- Dow Futures are flat.
- Asian Markets are flat.
- SGX Nifty is also flat at 16370.
- Yesterday we had a good strong expiry.
- In the Blog Yesterday, I had mentioned I was expecting a Rangebound expiry with a positive bias.
- Yesterday's expiry happened exactly the same.
- Smart option writers made huge money yesterday.
- Slowly but steadily market is inching higher.
- It's surprising to see markets going up in straight line.
- Usually we see big scary corrections in Bull Market.
- This Bull Market hasnt witnessed a correction above 5% at any point of time.
- This is what worries me , Market going up or down in a straight line is not good.
- When Market falls in future it will be equally severe.
- That's In future , but in present this Market is looking strong.
- Momentum is with Largecaps and money is shifting from Small Cap / Midcap to Large Caps.
- Option Buyers are not getting much from this Market.
- Movement is there but it's quite slow.
- India VIX is now below 12.
- Option Buyers will have their time but once in 2 weeks (Like they made money when Nifty brokeout of 16k)
- Option sellers should be vary of that move and be smartly making money in Consolidation phase.
- Nifty might Trade between 16260 to 16440 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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