- U.S Markets were about 200 Points higher Yesterday in our Markets trading hours.
- By Evening this strength fizzled out and U.S Markets closed almost flat.
- Right now , Dow Futures are higher.
- SGX Nifty is Trading at 17670.
- Most Important thing , U.S VIX was down 3% Yesterday.
- Yesterday we opened more than 100 Points lower and recovered during the day.
- Last hour witnessed profit booking in our Markets.
- Yesterday I had given a Expiry range of 17600 to 17900 this played out very well for Yesterday.
- Today as well this range holds out till 2 pm.
- After 2 pm sometimes the expiry issues kicks in and markets move drastically.
- If the Global Markets are silent then the above range should play out for the day.
- September was a fairly Volatile month.
- Nifty shot up 1100 Points in 3 weeks then fell 500 Points and recovered.
- Only for falling another 400 Points in the last week.
- Yesterday top 6 stocks were from PSU Bank's.
- I don't remember when was the last time this happened.
- All private banks witnessed profit booking yesterday.
- I'm Bullish for October Month as I expect good results due to opening up of Economy.
- Today might be an inside day with not much Volatility.
- Nifty might Trade between 17600 to 17900 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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