- U.S Markets closed flat 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 fifth straight day of flat opening.
- Yesterday was a decent expiry until 2 pm.
- After that a sudden down move spiked up premiums.
- Expiry moves are common this way.
- Volatility is utmost after 2 pm.
- So I book out of my positions early and don't wait for 2nd half.
- Markets are likely to consolidate in the short term.
- We do not have any fresh news or triggers to break out of a range etc.
- Markets are likely to consolidate before giving further upmove.
- Individual stock specific moves are continuing meanwhile.
- Banking sector momentum is likely to continue.
- Generally the final week of expiry is of the highest Volatility.
- As all the monthly positions of options and futures get squared off.
- Stock options also get squared off and this leads to added Volatility.
- 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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