- U.S Markets at one point were down 300 points but closed slightly positive towards end of the day.
- Dow Futures are trading Negative now.
- Asian Markets are mostly negative.
- SGX Nifty touched a high of 16600 yesterday but now trading at 16560.
- 16500 Straddle has the open interest for this week's expiry.
- It's trading at ₹160 combined.
- So we can expect a range of 16340 to 16660 for this week.
- Tomorrow we have the weekly expiry as Thursday is a trading holiday.
- Penultimate days before expiry are highly Volatile on Intraday basis.
- Any 80-100 points dip on Nifty , I would be ready to sell 16000 PE (Monthly Expiry).
- In a Bull Market at the Beginning , all Stocks go up.
- Whether they have good Fundamentals or not doesn't matter irrespective of the same everything goes up.
- May 2020 to June 2021 we had this phase.
- In the next phase , Money shifts from lesser quality stocks to Quality Largecaps.
- We are in this phase now where the money is being shifted from Midcaps to Largecaps.
- In the 3rd phase of Bull Market only handful of Stocks (Largecaps) perform and majority stocks start correcting.
- This is the final phase of the Bull Market and we are yet to enter this phase.
- That's the reason I'm Cautioning since past few weeks not to invest into fundamentally weak stocks.
- If you are already invested , it's time to make changes in your portfolio.
- I am Slightly Bullish on Nifty whereas expecting a Consolidation on Bank Nifty for today and tomorrow.
- Nifty might Trade between 16440 to 15630 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