- U.S Markets were closed Yesterday.
- There was a labour day Holiday Yesterday for U.S Markets hence not much Global cues.
- Asian Markets are mixed.
- Hang Seng is up while China is down Slightly.
- Dow Futures are slightly higher.
- SGX Nifty is Trading at 17420.
- Yesterday was a very flat day.
- Frontline indices consolidated throughout the day.
- The significant event was FII's have sold Yesterday.
- This came after 2-3 weeks of continue buying.
- This might be due to holiday in U.S hence they sold.
- Whether it's a trend reversal or not we have to see today.
- IT Stocks are on another planet in our Market.
- There has been a Non - Stop rally in IT Stocks.
- Wipro was the outperformer Yesterday.
- Bank Nifty continues to underperform.
- 17200 is a strong support for our Market in short term.
- Any sort of dip should be bought into and can be used to sell Put Options.
- Reliance after crossing it's all time is showing momentum.
- Short term target for Reliance opens up to 2600-2700 and this might come in September itself.
- I've sold 2300 & 2200 Put Options in Reliance for September expiry.
- Nifty might Trade between 17320 to 17520 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
Comments