- 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 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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