- U.S Markets closed higher on Friday.
- Friday first half U.S Markets were volatile.
- In 2nd half Markets rocketed higher.
- Right now , Dow futures are lower.
- SGX Nifty is close to 18300.
- We are opening with a good gap up today.
- Asian markets are mixed.
- SBI has announced its results over the weekend.
- Results seem good but the stock has already scaled higher.
- Stock has already touched its 52 week high
- On the results day , movement of the stock depends on the demand & supply.
- It doesn't depend on how the results are.
- Next big event is the Inflation numbers of U.S.
- Until then Markets are trading based on momentum.
- Tomorrow is a stock market holiday.
- So traders won't like to carry positions today.
- Markets have turned extremely bullish from October.
- November has also started with a bang.
- I'm trailing stop-loss in long positions of futures.
- And shifting put sell options.
- Nifty might trade between 18150-18400 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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