- U.S Markets closed flat Yesterday.
- The closing was as flat as it can get.
- Dow futures are slightly higher right now.
- Asian markets are flat.
- SGX Nifty is +20 points.
- Today we are going to have a low volume trading session.
- As Monday is Independence day.
- Many market participants are off to a Vacation yesterday night.
- So expecting today to be at least 50% decrease in volumes than usual.
- Yesterday Market opened with a huge gap up & stayed flat throughout the day.
- India VIX fell 5% yesterday.
- This is the price action almost on an everyday basis now.
- Market opens either with a huge gap up or gap down.
- Stays flat throughout the day.
- From November to June Intraday traders were finding it easier to trade because of huge gaps.
- Now positional traders are making lots more money as Market is moving along a trend
- There are no sudden reversals nor news flow.
- So no strategy works always.
- Every strategy has its periods of underperformance and outperformance.
- You need to be sure about this before you enter trading.
- Do not skip your strategy and keep hopping onto a new one just because it hasn't worked for small periods.
- Nifty might Trade between 17600 to 17800 today.
- We might witness some profit booking in second half today.
- As people who have been long throughout the week have made good money.
- They would like to book profits anytime
- 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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