- U.S Markets closed flat Yesterday.
- Right now , Asian Markets are higher.
- Dow Futures is higher more than 100 Points.
- SGX Nifty is at 18250.
- It was a breath taking rally yesterday in our Markets.
- Usually Wednesdays are considered to be highly volatile but yesterday was an easy trending day.
- All the call writers and short sellers had to run for cover propelling the Market higher.
- Generally the gap ups do not sustain but once momentum continues it can go far.
- Chasing today's gap up is not advisable.
- We have already 200+ Points yesterday.
- Let Market come near 17150-17200 to enter once again.
- At October beginning , when Nifty was at 17550 I said that low of 17450 would be a bottom for our Markets.
- At least for October series.
- There's no looking back since then.
- Infosys results were above the street expectations.
- Infosys ADR closed 4% higher in U.S.
- Today we can expect 2-3% gap up in Infosys.
- Yesterday U.S Fed has indicated of beginning the taper tantrum process from November gradually.
- 18200-18300 should be the range for the day.
- 18000 is a strong support on the downside.
- I have sold 18000 PE yesterday for current week , for next week as well as Monthly expiry.
- Nifty might Trade between 18150 to 18320 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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