- U.S Markets closed higher Yesterday.
- Nasdaq hit a fresh all time high Yesterday.
- Asian Markets are all in Green.
- Right now U.S Futures are slightly higher.
- SGX Nifty is trading near 16580 now.
- IT Stocks are the flavour of the town now.
- Yesterday, IT index was up more than 2%.
- Technology stocks all over the World have been on a rally.
- Money is shifting from Small / Mid Caps to large caps.
- Lathi Charge has begun on Broader Market stocks like Mid / Small Caps.
- As I've been Cautioning , it's time to review your portfolio and exit out of junk.
- Waiting for your cost price to come back might never happen or it may take many more years.
- My fear is due to interest being shifted to Largecaps , these stocks are getting more and more expensive day by day.
- Just a handful of Stocks cannot keep Market higher in the long term.
- These handful of Stocks are becoming too much expensive and when these start to correct that's when Markets as a whole would start a correction.
- As I mentioned in Pre - Market Report Yesterday about the fall of India VIX.
- India VIX fell by 4% Yesterday and I expect it to fall further today.
- Premiums are too low now for option sellers and there's no Volatility for option Buyers.
- Higher VIX gives equal opportunities to both the parties.
- 16300 PE and 16700 CE has the highest open interest for August Expiry.
- I am Expecting a Consolidation from here and not a big move on the upside.
- Nifty might Trade between 16480 to 16640 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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