- U.S Markets closed flat on Friday.
- Right now , Asian Markets are higher.
- SGX Nifty is at 17900.
- TCS has declared results over the weekend and the results seem sub-par.
- We cannot judge how a stock reacts just after results as it depends on the long -short position existing during that instance.
- IT Stocks have run up quite a lot factoring in good results and now any sort of disappointment could be damaging.
- Over the weekend Reliance announced Takeover of Solar company.
- It was done to tighten its grip in the power sector.
- 18000 CE has the highest open interest in weekly as well as monthly expiry.
- Despite Nifty going to 17940 on Friday , open interest kept adding.
- These sellers are quite confident on Nifty not taking out 18k soon.
- If by any means 18k gets taken out , Market will rally 100-200 Points in no time.
- All these writers could be trapped propelling the Market higher.
- RBI Policy as expected was status quo on Friday and INDIA VIX fell considerably.
- Option premiums on both the sides are very low for October series.
- We have 12 trading sessions in October now as we are having two public holidays.
- Decay will be faster citing the same.
- Any dip close to 17850-17800 is a buying opportunity.
- Look to build positions on dips towards the long side.
- Nifty might Trade between 17800 to 18000 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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