- U.S Markets closed Flat Yesterday.
- Asian markets are mixed.
- SGX Nifty is close to 17940 right now.
- Yesterday markets broke out of 17900 and now are closer to 18000.
- 18000 is important as 18000 CE has the highest open interest.
- Highest amount of calls have been written for 18000 CE strike price.
- Plus round figures always act as psychological resistance too.
- Today is the weekly expiry and as of now the range is 17800 to 18000.
- 17800 is a strong support level and 18000 might act as resistance.
- Markets will gain steam once 18000 is taken out.
- Today could be a side-ways expiry.
- But nothing can be said as markets can always surprise you.
- IT Index has crossed 30k.
- Sensex yesterday hit a landmark of 60k.
- Sensex and Nifty both are now just 3% away from all time highs.
- So this isnt just a Bull Market , it's a raging Bull Market.
- India VIX closed below 18 yesterday.
- Bank Nifty is close to important levels of 40k.
- Once these important levels are taken out then we move towards all time high of 18600.
- Nifty might Trade between 17800 to 18020 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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