- U.S Markets were closed Yesterday.
- Due to Martin Luther King Day.
- Yesterday for whole of the day U.S Futures were flat.
- Right now they are flat and Asian markets are slightly higher.
- SGX nifty is up by 10-20 Points.
- Yesterday we briefly broke out of 18300.
- Momentum was slow as global Markets were muted.
- Momentum is likely to pick up in coming time once we sustain above 18300.
- HDFC Bank closed a percent lower Yesterday.
- Everybody expected HDFC Bank to go higher Yesterday.
- Movement of a Stock after its results is very difficult to predict.
- Specially the day after results.
- Expecting both the HDFC Twins to stabilize from today.
- 18300 short straddle added large open interest yesterday.
- Option sellers are playing for a range of 18000 to 18600.
- We have 7 trading sessions left for expiry including today.
- So theta decay will be fast going ahead.
- DII's and FII's were net sellers yesterday yet we closed at the highest point of the day.
- This continues to be a buy on dip market.
- Nifty might Trade between 18200 to 18400 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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