- 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 straight line.
- Bank Nifty shows much more momentum than Nifty.
- SBI and ITC are showing huge strength.
- This is the time to buy value stocks and not growth stocks
- Value stocks are those having a lower valuation compared to earnings.
- Growth stocks are the one commanding higher valuation is anticipation of a higher growth/ earnings catch up in future.
- Nifty might Trade between 15700 to 16000 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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