- U.S Markets closed flat yesterday.
- Right now Dow futures are slightly lower
- SGX nifty is higher & trading at 15750.
- Asian markets are lower.
- Markets all over the World are in a consolidation phase.
- Markets not reacting negatively to headline news is in itself a positive outcome.
- June also we are closing negative.
- Every month since November we are closing negative.
- This indicates a bear Market.
- The trend is towards downside.
- Yesterday the GDP expectations were -1.5%.
- But the actual figure came at -1.6%.
- Even then there was not much swing in U.S Market.
- Infact U.S VIX closed lower yesterday.
- India VIX refuces to fall gradually.
- Someday there will be huge gap up & India VIX will directly fall 10% at open.
- Not giving anybody any Opportunity to enter.
- The Large gap ups and gap downs have been another problem to tackle now.
- Last 2 days Nifty has been trading in a narrow range of 150 points.
- 15700 to 15850 has been the range.
- I would wait for a break below 15700 to short Intraday.
- Else would short near 15800-15850.
- I won't look to buy I would only look for shorting opportunity today.
- Yesterday Reliance was the only saviour for Nifty.
- Bank Nifty was quite weak.
- Nifty might Trade between 15500 to 15850 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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