- U.S Markets closed lower on Friday.
- Right now , Dow Futures are lower.
- SGX Nifty is down 100-120 points
- Asian markets are mostly lower.
- Friday session was a intense volatile one.
- Before RBI press conference , markets were down.
- As soon as it got over , there was a heavy short covering rally.
- This rally had powered Nifty above 17k.
- Trend is sell on rally.
- There will be powerful short covering rallies.
- In due course , they would be sold into.
- U.S Markets look very weak
- Apple is down 10% now in last week.
- When Bluechips start to callapse that's when markets bottom out.
- Bottom is quite far away now.
- I don't think it's been done yet.
- U.S VIX is still above 30.
- This is a dangerous sign
- Look to sell on rallies and prefer only trading Intraday.
- Carrying over Positions is quite risky in this environment coz of huge gap openings.
- Nifty might Trade between 16800 to 17100 today.
- Range on Friday was too big
- Expecting an inside candle / consolidation 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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