- U.S Markets closed Slightly higher Yesterday.
- Asian Markets were on fire Yesterday.
- Particularly , Hang Seng and Chinese Markets.
- After Afghanistan issue , Asian Markets witnessed heavy profit booking.
- Now , all of the losses have been refovered.
- SGX Nifty is near 16650 now.
- Coming to our Markets , India VIX again crashed Yesterday.
- Right now , the option premiums are too low.
- Bank Nifty witnessed heavy buying Yesterday.
- FII's were net buyers.
- When FII's buy , they buy HDFC twins.
- Both HDFC Bank and HDFC Ltd witnessed significant buying Yesterday.
- HDFC Ltd closed lower but recovered from low point of the day.
- HDFC Bank , after Credit card Announcement has been performing very well.
- Today is Wednesday and remember Wednesdays are highly Volatile.
- Option writers take positions and trades get taken considering expiry.
- This Makes Wednesdays Volatile.
- I expect first half to be quiet but 2nd half to be Volatile today.
- Have to see what's in store today.
- Expecting 16700 to act as a stiff resistance for this Expiry.
- Support has now been shfited to 16500.
- Bajaj Finance is the star of the show in this Market.
- When there is doubt about Efficiency of companies.
- Quality companies witness buying.
- NBFC space is prone to lots of risk due to past history of scams etc.
- Nifty might Trade between 16480 to 16680 today.
- stockmarketadvisory.in
1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets 9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack
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