- U.S Markets closed lower on Friday.
- Right now Dow futures are higher.
- Asian markets are mostly lower.
- SGX Nifty is near 17260.
- Suggesting a flat start for the day.
- This Russia - Ukraine issue seems to be blown out of proportion.
- Markets are reacting to every headline news and that's not at all a good sign.
- Slowly we would be forgetting these temporary issues and Market would focus on larger issues.
- 17000 PE & 17500 CE has highest open interest.
- Next 4 days expect the Volatility to be high.
- LIC IPO date has been set to 11th March and even without listing details the Grey Market Premium is lower.
- The timing of this IPO is totally wrong in my opinion.
- The Market I sense is narrowing on the upside and soon downside range could expand.
- We went to 18600 in October , never again we tested it.
- Next high was 18300 , then 17800 etc so the upper levels are reducing.
- Whereas on the lower side we have tested 16800 multiple times.
- So this continues to be sell on rally Market but be careful of large pull backs.
- I feel 16800 should be a very good support for this expiry.
- If you are an investor , it would be a very difficult year to make money.
- Specially in Mid and small caps.
- So do not expect extraordinary returns and park funds into bluechip stocks rather than junk.
- This would reward you in future.
- Nifty might Trade between 17100 to 17400 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