- U.S Markets closed lower yesterday.
- It was a minor profit taking day yesterday Globally
- U.S Markets have been rallying from past many Trading sessions.
- So , profit booking cannot be ruled out.
- Right now Dow futures are higher.
- SGX Nifty is up 40-50 points
- Today is the final day of the Financial year plus all the contracts would expire today.
- Today we can expect some Volatility.
- From last few days , markets have been trading in a small range after gap up.
- Yesterday, Market tried to cross 17500 but failed and closed exactly near 17500.
- Expecting upper end of 17500 to be taken out in a couple of days.
- Today could be a ranging day with some Volatility.
- Inda VIX closed just above 20 yesterday.
- Expecting this to go down below 20 in the coming days.
- The good thing about yesterday's rally was the advance- decline ratio.
- Number of advanced were 1300 whereas declines were just 600.
- This broad based rally shows we have more room on the upside.
- 17500 short straddle has been added in huge Quantities in all expirys
- For today , April 7th and April end monthly expiry.
- Smart money isn't expecting big move soon and also as VIX keeps falling their confidence is increasing.
- Nifty might Trade between 17350 to 17600 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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