- U.S Markets closed higher Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17900 right now.
- Yesterday markets opened with a huge gap up and traded flat throughout.
- After 3 pm there was a 50 points short covering in Nifty.
- Nifty closed at the highest point of the day Yesterday.
- When markets close at the highest point of the day & unless there are no significant negative news.
- Chances of a gap up opening on the next day are high.
- Similar when Market closes at the lowest point of the day.
- IT Index is likely to cross the Important level of 30,000.
- There is not a slight indication of reversal yet.
- When Market gives you a sign of reversal you should book profits on longs.
- When there are no such signs it's better to keep riding the long Positions.
- FII's are momentum traders.
- Once they start buying they won't go back.
- They continuously keep buying and buying and buying.
- 18000 CE has the highest open interest in monthly options.
- Once this level gets taken out there would be fireworks
- My simple message right now is not to assume anything.
- There are no signs of reversal yet
- Do not look to short this market.
- Look to buy at dips and ride the trend.
- Wednesdays have been quite volatile in the past
- So today you might get an opportunity to enter at low levels coz of Volatility.
- Nifty might Trade between 17700 to 18000 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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