- U.S Markets closed higher yesterday.
- Asian markets are mostly higher.
- Dow futures are higher right now.
- SGX Nifty is higher by 70-80 Points.
- Yesterday was a highly Volatile trading day.
- It wasn't just volatile it was an unexpected trading move
- Yesterday the Bank of Japan announced that it would be tweaking its policy.
- There wasn't any change announced and it was just announced of a change in the policy.
- As soon as this got announced markets began to crash.
- Japanese index Nikkei fell 1000 points in no time.
- Dow futures turned more than a percent negative.
- Our market also started to fall in the morning.
- I took the opportunity and sold put options 18k and below for monthly series.
- Nifty found support near 18200 and bank nifty took support near 43k.
- Both quite important support levels were held yesterday.
- I feel yesterday's low should be the bottom for December expiry.
- Both for nifty and bank nifty.
- Yesterday Both FII's & DII' s were net buyers.
- Any sort of larger dip , traders are ready to buy.
- Nifty might trade between 18350 to 18650 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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