- U.S Markets closed lower yesterday.
- Asian markets are mostly mixed right now.
- SGX Nifty is flat.
- Nifty is likely to have a flat opening today.
- Since last many days , Nifty is opening flat.
- If I'm not wrong , today will be the fourth straight day of flat opening.
- Yesterday we had the U.S Sales data.
- The data wasn't much favorable to the markets.
- So it led to a bit of profit booking Yesterday.
- Hdfc twins which were the joker of packs around 3 months ago.
- All the other stocks were flying apart from these two.
- These two giants have finally woke up now.
- All the large cap stocks are catching up now.
- Yesterday it was the bank Nifty which outperformed the market.
- Nifty was flat throughout the day but bank Nifty kept moving higher.
- 18200 is a strong support for Nifty for positional basis.
- 42000 is a strong support for bank Nifty.
- Resistance for Nifty would come close to 18500.
- If this gets taken out then second resistance near all time high.
- Currently I have 18000 PE sell 18700 CE sell for monthly expiry.
- These two combined I've sold 100rs few days ago.
- I'm just trailing these positions.
- For today's expiry I've sold 18250 PE Yesterday which is likely to go zero today.
- I'm taking more Bullish bets than bearish ones as of now.
- Nifty might trade between 18300 to 18500 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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