- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- Asian markets are flat.
- SGX nifty is indicating 80-100 points gap down.
- Everyday market has been opening with large gaps.
- These are either down or up.
- Yesterday it was a gap up , today it is a gap down.
- Though there was a huge gap up Yesterday , Market was sold off within minutes.
- The selling was so severe Nifty broke Tuesday of 16350 and tested 16300.
- From 16300 it rallied all the way back to 16500.
- Finally closing near 16350.
- So yesterday could be termed as highly volatile trading session.
- This Volatility is going to continue today.
- This is because we have U.S Inflation data coming out tomorrow in U.S.
- This Inflation data is going to decide the future course of the market.
- I believe inflation data could disappoint the Bulls.
- This could cause huge gap opening on Monday so option writers should be cautious carrying positions.
- Even carrying positions for a day in this market is huge risk.
- I expected June to be a stable month but market has other plans.
- So better get used to the Volatility from now.
- Yesterday's RBI policy was slightly higher than expected rate hike of 40 basis points.
- Remember that we are in a Bear market.
- Bear Market rallies are sharp and they don't last long.
- FII's are all in on their money to sell this market.
- Their short positions have increased from 55% to 73% now.
- Same was the situation in May.
- Nifty might Trade between 16180 to 16440 today.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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