- U.S Markets closed higher Yesterday.
- Asian markets are slightly higher too.
- SGX Nifty is up 80-100 points
- Yesterday was kind of a rangebound session.
- Institutional activity was quite less
- FII's after continuous selling finally bought yesterday.
- Even though the amount isn't that significant of 500 crores thereabouts.
- 17600 short straddle has the highest open interest for today expiry.
- Calls and Puts have been sold at every level.
- This Indicates traders are not expecting a big move on the expiry day
- Due to any reason once market makes a big move then these writers will be in trouble.
- U.S Markets for very short run seems to have bottomed out.
- There was a ferocious selling in 3 days Nasdaq fell 6%.
- Dow Jones and S&P 500 also fell.
- From last two trading sessions situation has been stabilized.
- I feel today might be a consolidation expiry.
- August month has been very good for Bulls.
- Though Nifty was unable to cross 18k.
- This Month has given positive returns on index basis
- Nifty might Trade between 17500 to 17800 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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