- U.S Markets closed lower yesterday.
- After closing in green for 8 consecutive trading sessions they have witnessed some profit booking.
- It was one of the highest winning streaks for market.
- Today the inflation data is going to be announced in U.S.
- Ahead of the same markets are a bit shaky.
- Asian markets are lower.
- SGX Nifty is trading at 17960 today.
- We are likely to have a decent gap down opening today and I feel that 17920-17900 is a good buying opportunity.
- 17900 PE added huge open interest when we crossed 18k.
- This support level shouldnt break easily today.
- We are in a consolidation mode currently and there is no clear trend.
- Looks like Nifty is again going to fall back in 17800 to 18000 range before a possible big move.
- IndusInd Bank has stabilized yesterday and that has settled Bank Nifty.
- Bank Nifty is a good risk reward zone buy near 38900 -39000 which is Mondays low.
- Nifty near 17900 is a good opportunity to enter.
- We have supports at 17800-17850 and 17900 all the way for Nifty.
- These should come in handy for the day.
- Usually the Wednesday trades are highly volatile and expecting the same Volatility today as well.
- This Market is very difficult to trade for option buyers and trend traders.
- It's not like before where you get big moves almost 2nd day.
- The good old updays are gone now.
- Now markets would be boring and consolidating for the coming year as markets cannot keep going up in a straight line.
- Nifty might Trade between 17800 to 18100 today.
- Bank Nifty might Trade between 38800 to 39500 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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