- U.S Markets closed higher yesterday.
- Asian markets are higher.
- SGX Nifty is higher 80-100 points.
- Markets are now firing on all cylinders.
- Yesterday last 30 minutes nifty scaled higher by 100 points.
- I mentioned yesterday that big move would come if 18700 is taken out.
- Once 18700 got breached , there was a huge rally.
- Markets looking excessively bullish right now.
- We do not know where will this momentum stop.
- Until then we just have to ride the trend.
- Keep trailing the stoploss and keep riding the trend.
- That's the way to go from here
- We have weekly expiry today and expirys generally can be volatile.
- Particularly after 2 pm Volatility is likely to increase.
- So it's better to close positions by 2 pm.
- The only worry I have is Gujarat state elections.
- Markets are going into the elections with huge optimism.
- Thats the only worry as of now as any disappointment could cause a big crash.
- Nifty might trade between 18600 to 18900 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
Comments