- U.S Markets closed flat Yesterday.
- Right now Dow Futures are slightly higher.
- Asian markets are mixed.
- SGX nifty is up 10-20 points.
- Yesterday , once again it was a mayhem in Technology stocks.
- Snapchat's Quarterly results missed estimates and expectations and the stock fell 40% in a single day.
- Indian markets are much better.
- Here the stock goes down by 10% but in U.S there is no limit.
- Nasdaq again witnessed heavy sell off yesterday.
- Divis Lab day before yesterday declared fantastic results but stock fell 10%.
- This tells you the sentiment of the market.
- Market is clearly in a mood to sell off where there's any negative news.
- In 2020 , the Market was exactly opposite.
- Even Bad results stocks were shooting up like no tomorrow.
- 2022 the Market is exactly opposite.
- This tells you that it's important to judge the trend of the market.
- Yesterday for no reason India VIX has gone up by 10%.
- This is a worrying sign that just before expiry without any incremental negative news VIX shooting up in double digits.
- This suggests a big move could be coming closer to expiry.
- In the May month on all weekly expiry days , Nifty has fallen more than 200 points and mostly with a gap down.
- Traders are expecting this trend to continue for the monthly expiry as well hence put Options are trading are huge prices.
- Nifty might Trade between 16000 to 16300 today.
- If 16000 breaks then we may retest 15750 in a couple of days.
- 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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