- U.S Markets were down 300 Points at one point of time but closed almost flat.
- Nasdaq is just 2% away from record highs.
- Right now Asian Markets are higher.
- SGX Nifty is Trading at 18560 now indicating another 70-80 point gap up.
- Well this is a run away Market that we are witnessing.
- Huge gap ups being sustained and while traders are waiting for dips to enter into , the dips are not coming.
- Yesterday was the day of IT Stocks , Metals and PSU Banks.
- HDFC bank declared good results but it witnessed profit booking.
- All the other Banking stocks shot up yesterday.
- SBI hit a lifetime high of ₹500 on Intraday basis.
- I still somehow feel a short correction is imminent but we cannot predict the time.
- Market might run up even more and then correct.
- One should manage the risk and go with the Market.
- The trend is surely up and there's no question of it.
- Rather than looking to sell , the focus should be to buy at important levels.
- HDFC Bank ADR was up 0.7% yesterday in U.S so Expecting it to stabilize today.
- 1700 CE of HDFC Bank has the highest open interest.
- Once this is taken out we can expect HDFC bank and Bank Nifty to fly.
- 18479-18500 is a good zone to enter for Intraday.
- Nifty might Trade between 18450 to 18650 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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