- U.S Markets closed higher Yesterday.
- Asian Markets were higher.
- SGX Nifty right now is at 17780.
- Talk of the town is Moody's upgrade.
- 2 years ago Moody's had rated a Negative outlook for India.
- Yesterday they have changed their stance and have changed it to stable.
- This is a positive local news.
- Yesterday I had mentioned that any dip due to Global cues should be bought into.
- Market opened 30 points lower Yesterday and it was a perfect buying opportunity.
- We have crossed important resistance of 17750 on Nifty.
- 17750 had the highest open interest in weekly options & these writers had to run for cover Yesterday.
- Our Market is fairly strong and every dip is a buying opportunity.
- 18000 for the Nifty is on the cards and Market will surprise you on the upside.
- Reliance led the rally after 2 pm.
- Reliance was up 2% yesterday after 2 pm and this led to large rally.
- PSU Bank's especially SBI looks strong and can reach 500 in short term.
- India VIX was down another 3% yesterday.
- In October series India VIX has fallen each and everyday.
- Option writers have been enjoying this but now premiums are not that attractive.
- Nifty might Trade between 17720 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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