- 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 good to be long in the Market.
- Nifty might Trade between 16400 to 16600 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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