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U.S Markets closed higher Yesterday. Asian markets are mixed. Dow futures are higher now. SGX Nifty is up 200+ points. Why do we have this large gap up today? I have no idea. There are no major positive cues across Globle. Everything is the same as before. Just that we are out of a major Fed event now. Today's gap up makes me a little bit uncomfortable. But Market doesn't care about all this. Wednesday Nifty made a low of 16450. Todays SGX Nifty high is 17200. So this is a swing of 700+ points in 2 trading sessions. This is quite a huge turnaround by the Markets. Bank Nifty is above 200 DMA  Nifty today will be above 200 DMA. This is not a sell on rally / Bear Market anymore  Yesterday U.S GDP data was announced. Data was in negative but even then Markets shot higher. When Market rallies on negative news then it is a super Bullish Market. Our clients have long positions / Put option sell positions so we have been saved. I have been anticipating this rally and was ev

U.S Markets closed higher Yesterday. Asian markets are mixed. Dow futures are slightly lower right now. SGX Nifty is up 130-150 points. So yesterday was the major Fed Event. Fed raised Interest rates by 75 basis points by tackle Inflation. This was a very bold move by Fed to double down the Inflation. Their were talks that if Fed raises rates by 75 basis points markets would crash. Exactly opposite has happened  Nasdaq rallied more than 4% yesterday. S&P 500 more than 3% and Dow more than a percent. Yesterday I mentioned we are not going with complete optimism into the Fed Event. Which is quite good for the Markets. Markets have already factored in the negatives. Many traders place emphasis on the event. I place emphasis on the market movement before the Event. So now the Fed event is out. 16800-16850 is a crutial zone for Nifty. Once this is taken out there will be fireworks. Yesterday I mentioned 16400 Is a great buy zone. Just see how the markets have rallied from th

U.S Markets closed lower Yesterday. Asian markets are mixed. Dow futures are slightly higher right now. SGX Nifty is flat. Last 2 days Market was been making fresh lows. This is generally the price action before the Fed event. Market factors in the negatives. If market kept moving higher before Fed event then a shock by fed would've taken market 1000 points lower. Market going in with not much expectations is always good. 16400 is a very important level. Expect Nifty to hold onto this today. Also this is a very important buy zone for Nifty. Bank Nifty near 36k would be worth a long. However keep proper stoploss in case if reverses. Financials might lead the next rally from here on. Previous Bull market IT led the rally. This time it's going to be Financials + some minor sectors having not much weightage in Nifty. There is quite disparity going on in broader markets. Some stocks keep going higher and many keep going lower  Clearly money is chasing quality names in th

U.S Markets closed lower Yesterday. Asian markets are mixed. Dow futures are slightly lower right now  SGX Nifty is flat. Yesterday as well it was a very flat day. Nifty traded within a small range of 16560 to 16700. This might be because markets are now waiting for the Fed event. On Wednesday we do have Fed event coming. Fed will decide about the Interest rates etc. From there on traders & Investors will get a clue. Reliance dragged the nifty yesterday. Reliance was down more than 3% yesterday Bank Nifty facing stiff resitance near 37000. As soon as Bank Nifty touched 37000 there was a heavy sell off. Nifty is facing huge resistance near 16700. So I expect this sideways move to continue till Fed event. After Fed event itself market market will go one way or the other. India VIX inched 6% higher yesterday. Premiums are not coming down on the back of event. Nifty might Trade between 16500 to 16700 today. stockmarketadvisory.in

U.S Markets closed lower Yesterday. Asian markets are mixed. Dow futures are slightly lower right now  SGX Nifty is down 40-50 points. Markets in last 1 week have rallied more than 800 points. There was a rally across the Globe markets. We participated in that too. At the beginning of the month FII's short positions were 80%. Now it has come down to 55%. They have covered their aggressive short bets. Perhaps because of the same there was a huge rally on the upside. This raises an important question. As FII's have covered most of their aggressive short bets. Is the rally of the upside capped in near term? Else will the rally keep continuing. I sense the Market might consolidate/ trade sideways from here on. 16400 to 16800 I sense would be the range of short term consolidation. Then we decide what goes on from there. Continues rally and steep fall after large rally both aint good In the long run. There were many results decalred over the weekend. Infy & Reliance r

U.S Markets closed higher Yesterday. Asian markets are mixed  Dow futures are slightly lower right now  SGX Nifty is as flat as it can get. Yesterday market opened with a mild gap down. That gap down was immediately bought into. Markets were steady throughout the day. Until 2 pm there was slight profit booking and Nifty came close to 16500. As soon as Nifty touched support of 16500 there was a shap recovery. Nifty closed above 16600 yesterday. I keep listening that 16600 is achieved now market will fall  16700 is the last target after that it won't go higher etc  I don't follow all these targets stuff etc. In an uptrend no resistance works. In an downtrend no support level works. Markets price action will tell you when it starts reversing  Right now there's no such sign. Banks are leading this rally with slight participation from all sectors. ECB has raised interest rates by 50 basis points yesterday. Still there was no panic or reaction from the market. When Ma

U.S Markets closed flat yesterday. Asian markets are mixed. Dow futures are slightly lower. SGX Nifty is as flat as it can get. Yesterday market opened with a big gap up. After opening with a big gap up the momentum continued throughout the day. Market once again closed at the highest point of the day yesterday. Today is the weekly expiry for option contracts. Expecting a rangebound expiry. With slightly positive bias. Nifty IT Is back with a bang followed by Banks. Indusind Bank posted results yesterday and it beat Street estimates. FII's once again were net buyers yesterday. FII's are momentum traders. When they start selling they keep selling selling and selling. When they start buying they buy buy and buy. That's why traders always look at FII figures to get a clue regarding market movement. 16600 should be a good resistance for the day. Followed by good supports near 16500,16400. Nifty might Trade between 16400 to 16620 today. stockmarketadvisory.in

U.S Markets closed higher Yesterday. Asian markets are higher right now. Dow futures are up 100+ Points. SGX Nifty is up 200 points  Yesterday market opened with a gap down. But this gap down was bought into immediately. Within first hour market turned green. Consolidated and slowly moved upwards. Once again yesterday, market closed at the highest point of the day. Bank Nifty too witnessed the same  Yesterday 16300 CE had the highest open interest. All these traders shifted to 16400 and they will be trapped again after today's huge gap up. I've been repeatedly saying the worst is over and markets will surprise you on the upside. If you are following the same you must have good money. FII's were also net buyers for 980 odd crores yesterday. This is a raging Bull Market rally that's killing shorts. After 16400 , 16500 and 16800 open up. Do not fight with the Market , just go long near supports and dips. Yesterday I had mentioned that sideways movement will be

U.S Markets closed lower yesterday. Asian markets witnessed profit booking as well. SGX Nifty is down 100 points  After a stellar rally yesterday all over the Globe this profit booking makes sense. U.S VIX was up 5% yesterday. Crude Oil jumped from 100 to 105. Yesterday Nifty and Bank Nifty closed above their respective swing highs. Technically this shows Bullishness in the Market. If past 6 Months trend is observed , Tuesdays are generally sideways. Market tends to move sideways on Tuesday more often than not. IT index was up 3% yesterday. All the underperformance after TCS results was cleared in just one go yesterday. When was the last time you saw HDFC Bank down by 1% and Bank Nifty up 500+ points. PSU banks are witnessing serious re-rating. These banking stocks are in a Bull Market of their own. Use today's sideways movement to go long. The trend right now is Bullish. Trend would be negated if we close below 16k on Nifty. Option Premiums are also too low considering

U.S Markets closed 650 points higher on Friday. Nasdaq was up around 2%. This was a broad based rally in the U.S Market. This should give you a hint as to what the markets are anticipating. The day U.S Inflation was announced at 9.1% markets were jittery. For 2 trading sessions markets went all over the place. After that market started to stabilize. This shows market is expecting a reduction in Inflation numbers nect Quarter. Hence it is being discounted already. Markets work much more faster and discounts future anticipations quickly. Asian markets are higher. SGX Nifty is close to 16200. 16250 was the swing high for Nifty. Closing above 16200-16250 should open up the doors for 16400. U.S VIX crashed 6% on Friday. India VIX fell below 18 on Friday after nearly 3 Months. This shows there is not much downside left. Chances of market going higher are more slowly and steadily. FII's are still net sellers but the amounts have reduced. Previously they used to sell close to 3

U.S Markets closed lower Yesterday. Right now Dow futures are slightly lower. SGX nifty is indicating a very flat opening exactly near Yesterday's closing. Yesterday the most awaited Inflation numbers were announced. U.S Inflation sky rocketed to 9.1%. This is once again the highest Inflation number in last 41 Years. Because of the same U.S markets fell yesterday. According to me , I sense that the worst is already discounted in the Market. Yesterday in spite of such high Inflation number , U.S VIX fell  Expect Inflation to cool down from next Quarter. Yesterday we closed below 16k. So the short tern trend stands negative. Market lacks momentum on either side  Previously there would be 300 points movement evedyday in Nifty. Now the momentum has reduced. So do the option Premiums. Expect last 2 weeks of July expiry to be Volatile. FII's start to sell again. Bulls will be happy with a month of Consolidation on Major Indices  Nifty might Trade between 15900 to 16100 to

U.S Markets closed lower Yesterday. Right now Dow futures are slightly higher. SGX nifty is indicating a 50 point gap up close to 16130. Asian markets are mixed. I do not know why SGX Nifty is up today. This might be due to cooling off in Crude Oil prices. Crude oil is now close to 100$ / barrel. Falling Crude Oil prices is positive for our Economy. As we are the highest importers of oil. Also the markets have been trading in quite narrow range. 16000 to 16250 is the range for Nifty. Volatility has reduced and also option premiums are at very low prices. One bigger move could easily make 2-3X gain in option prices. 16000 is an important support for Nifty. 16200 is likely to act as resistance. Within this range expect Nifty to be volatile. Bank Nifty looks quite solid compared to Nifty. TCS underperformance is effecting IT sector. Do not much downside from here in IT. Nifty might Trade between 15980 to 16220 today. stockmarketadvisory.in

U.S Markets closed higher Yesterday. Right now Dow futures are slightly lower. SGX nifty is indicating a 100 point gap up close to 16260. Asian markets are mixed. Price action and Global markets action depicts market is unwilling to fall. There has been a lot of stability in our markets from past 13 trading sessions. Every dip is getting bought and Market is unwilling to go lower. Global markets as well are highly volatile but at the same time gradually moving higher. Most important is the VIX. U.S VIX is now below 25. India VIX crashed 5% yesterday and is now very comfortable below 20. Nasdaq has been outperforming now since past 2 weeks. Same with the Indian IT stocks as well. Indian IT stocks have bottomed out and are ready to fire. PSU banks are also on a roll. These 2 sectors should lead the recovery. First target of this pullback rally is 16400. If this is taken out then 16800 opens up. There won't be a one way move upwards there will be dips and falls in between.

U.S Markets closed slightly higher Yesterday. Right now Dow futures are lower. SGX nifty is indicating a slight positive opening near 16030. Asian markets are mixed. Price action and Global markets action depicts market is unwilling to fall  There has been a lot of stability in our markets from past 12 trading sessions. Every dip is getting bought and Market is unwilling to go lower. Global markets as well are highly volatile but at the same time gradually moving higher. Most important is the VIX. U.S VIX is now below 27. FII's selling has reduced to 364 crores yesterday. This is quite less compared to what they used to sell earlier  Earlier sell figures were not lesser than 2000 crores at any point of time. DII's bought for 1460 crores yesterday. We should be happy as long as FII's don't sell too much. Intraday volatility is increasing day by day. Intraday volatility and India VIX should go below 18 for markets to subside. Nasdaq showing remarkable resilien

U.S Markets closed higher Yesterday. Right now Dow futures are higher. SGX nifty is indicating a positive opening near 15850 today. Asian markets are mixed. Price action and Global markets action depicts market is unwilling to fall  There has been a lot of stability in our markets from past 10 trading sessions. Every dip is getting bought and Market is unwilling to go lower. Global markets as well are highly volatile but at the same time gradually moving higher. Most important is the VIX. U.S VIX is now below 27. India VIX if falls below 20 is a good sign. At least the Bulls should be happy as long as Market doesn't fall. Consolidation shows further momentum in the Market is due. Reliance after a huge fall on Friday stabilized yesterday. I sense we are poised for 16000 to 16200 positionally. And then we review how to go on from there. 15500 should be the stoploss positionally. Accumulate longs on dips as the Market will be highly volatile & won't move in a strai

U.S Markets closed higher on Friday. Right now Dow futures are lower. SGX nifty is indicating a flat Opening near 15700. Asian markets are lower. July month also begins with FII selling. FII's have sold around 2500cr on the first trading day of July. Another record is FII's short position stands at 85% in Index Futures. I haven't seen such bearishness not even during Covid times. As long as FII's hold such huge shorts there is no significant scope of turnaround in the Market. I keep hearing lot of crap like Retailers will take the markets higher. FII's will surely join retailers etc. This is just a crap , FII's are more informed people and smarter. These have huge capital and networks. These people know lot more than an amateur retailer & news reaches first to these informed people. So I expect much more tough times ahead in the Market. Fridays price action was again quite volatile & dangerous. Nifty fell all the way to 15500 & then revov

U.S Markets closed lower yesterday. Right now Dow futures are lower. SGX nifty is higher & trading at 15700. Asian markets are lower. Yesterday it was a very topsy turvy expiry. Nifty opened lower and just after opening it kept on moving higher. Huge short covering took place as soon as markets opened. Call option premiums started to shoot up. All CE's became 3-4x just in first hour. Near 15880 Nifty started to resist and some profit booking was witnessed. Nifty fell all the way back close to 15700 and it was all over the places. Yesterday to my surprise , all the Markets were in deep red. Dow futures were down 400 points during our trading hours. Even then our Markets have shown great resilience. Yesterday U.S markets as well were highly volatile. SGX Nifty made a low close to 15600 and recovered. All this Volatility in other markets is coming from mother market U.S 15700 to 15900 is the range for Nifty. This is a very narrow range and won't sustain for long. L