- U.S Markets closed flat on Friday.
- When our Markets were trading on Friday, U.S futures were 150 Points lower and have recovered during the day.
- Asian Markets are also Higher.
- SGX Nifty is Trading near 18000.
- Looks like we may gap up above 18k today.
- Markets have been in a big Bull run since 7500 Nifty.
- There hasn't been a 10% correction on Nifty since 7500.
- Evergrande issue created some panic temporarily in the Markets.
- Markets have moved on as this has been settled.
- 18000 CE has the highest open interest in Options followed by 17800 PE.
- If we settle above 18k for some time then there is every possibility of a huge short covering rally.
- These traders when trying to cover there call options can propell the Markets even higher.
- Real Estate sector has been outperforming from quite some time.
- According to my Analysis, Capex cycle is back in real estate sector.
- I expect the Real Estate prices to go up in coming year.
- Real Estate and Stock Market are two best avenues of Investment currently.
- Over the Weekend there was a news of Cinemas opening up from 22nd October in Maharashtra.
- This would be taken Positively by PVR , Inox leisure etc as Maharashtra in one of the highest popolated startes for India.
- I've been repeatedly saying to buy on dips and not to short this Market.
- Just look at good entry Points to enter on dips than thinking where to sell.
- Nifty might Trade between 17880 to 18120 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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