- U.S Markets closed higher Yesterday.
- Dow futures are higher right now
- Asian Markets are higher.
- SGX Nifty is up 180-200 Points.
- We will have a gap up opening today as per SGX.
- Yesterday was the day of Bank Nifty.
- All the Banking stocks zoomed yesterday and Bank Nifty flew.
- Reason was the results of Mother Bank , HDFC Bank.
- When the leader of the pack announces fantastic numbers , it's implied that the pack would also declare good results.
- U.S VIX crashed 5% Yesterday.
- Expecting India VIX to close below 18 today.
- India VIX below 18 is safe.
- Below 15 is super safe.
- 17500 is a crutial level to watch out for.
- As this is the upper band of the range , a close above this would indicate further strength and momentum in the Markets.
- Bank Nifty is likely to outperform Nifty for this expiry.
- Will exit all my longs on today's gap up.
- Would build fresh longs only on a close above 17500.
- Nifty might Trade between 17300 to 17600 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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