- U.S Markets closed higher Yesterday.
- Asian Markets are higher.
- SGX Nifty right now is at 17780.
- There's only one word to describe the current Market and that is "Volatile".
- Market has been Highly volatile for this October.
- Nifty went up from 17450 to 17850.
- Then fell to 17600 Yesterday and now indicating a big big gap up.
- Probably until Results declaration and RBI Policy which is due tomorrow, the Volatility is likely to continue.
- Such Volatility is not good for short term traders and Option sellers specifically.
- U.S Markets in Pre - Market were down 300 Points but have now recovered and are in Green.
- U.S VIX fell by 15% Yesterday from day high.
- Yesterday India VIX rose 5% , expecting it to come back to Normal today.
- Bank Nifty actually closed stronger than Nifty that's due to HDFC Bank.
- Bank Nifty was down 0.5% whereas Nifty closed 1% lower Yesterday.
- Nifty future was trading at discount Yesterday this shows that the Market has been oversold.
- 17700 to 17900 should be the range for today.
- Dips close to 17700 should be a buying opportunity for the day.
- Nifty might Trade between 17700 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
Comments