- U.S Markets closed higher on Friday and Monday.
- We had a holiday Yesterday but U.S Markets were open.
- SGX Nifty right now is above 17800.
- 17800 is a very important resistance zone for the markets.
- Closing above this would mean 18000 is on the way.
- Anyways my advice would be not to chase this gap up.
- Markets would provide you opportunity to enter on dips
- Asian markets are higher.
- 17500 PE has the highest open interest in monthly options
- 18000 CE has the highest open interest among call options.
- We have 8 trading sessions left and this seems to be the range for now.
- 17500 to 18000 is the range for now and expect markets to consolidate In this range for a while.
- However the way markets are moving I won't be surprised if market tries to break 18000.
- There was an unexpected news related to Rakesh Jhunjhunwala 's demice.
- The stocks in which he had a large amount of holdings could be under pressure today.
- Just because of confidence shake out amoung people.
- Bank Nifty on the other hand looks super Bullish and there's no stopping it
- ICICI Bank has already hit fresh all time high.
- India VIX is below 18 now
- Options premiums are too low as there is limited time left for expiry.
- Nifty might Trade between 17680 to 17880 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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