May series begins !! (28th April 2023)

1. U.S Markets closed higher yesterday.

2. Whatever markets lost on previous 2 trading sessions excluding yesterday.

3. Yesterday the markets gained it all back.

4. SGX Nifty is up 70-80 points.

5. Asian markets are higher.

6. So we are likely to open with a gap up today.

7. It has been a dream run for Indian Markets lately.

8. We are sitting on 6 days of continuous rally.

9. Indian Markets are super Bullish.

10. There is a saying in U.S that "Sell in May and go away"

11. How much will this play out in the current scenario has to be seen on

12. Nifty significantly closed above an important barrier of 17800-17850 today.

13. Once important resistance level are crossed they become supports.

14. So 17800 is now a strong support for our Markets.

15. Next immediate resistance is at 18k.

16. Nifty might spend time within this range for a while.

17. After 18k , next immediate resistance is at 18200.

18. After such a one way rally , it's better always that we consolidate in a range.

19. Bank Nifty is super Bullish and much more stronger than Nifty.

20. Nifty might trade between 17800 to 18000 today.

21. stockmarketadvisory.in

Comments

Reversal from 20k (24th July 2023)

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

Finale Expiry Week (19th May 2023)

1. U.S Markets closed higher yesterday. 2 Right now , Dow Futures are slightly higher. 3. SGX Nifty is higher by 40-50 Points. 4. Asian Markets are higher. 5. Yesterday was a strange trading day. 6. I say strange because SGX Nifty pre market was showing 30-40 point gap up opening. 7. Nifty opened around 120 points higher. 8. This was a huge gap up out of nowhere. 9. So naturally it was an excellent shorting opportunity. 10. The Volatility again yesterday was super high. 11. Nifty tested the previous day low of 18100 once again yesterday. 12. There was an intense selling during the last 30 minutes yesterday. 13. Surprisingly, INDIA VIX hasn't inched higher in last 3 days of extreme sell off. 14. This shows that there is lesser panic in the markets right now. 15. Currently, we have a good risk - reward trade opening up on Nifty. 16. 18100 looks as a double bottom being made on Nifty for the short term. 17. There are fever indications for the same 18. One could g

U.S Markets firing 🔥 (8th Feb 2024)

1. U.S Markets closed higher Yesterday. 2. U.S Markets are trading at their all time high on daily basis. 3. S&P 500 is now at 5k. 4. This has been a stellar show across the globe. 5. We have an Election Year in the U.S as well. 6. As you might not be aware more than 45% U.S citizens invest in stock market. 7. So for the Government to have a good impression and to gain vote Bank stock market have to be kept higher. 8. Government and FED will do what all they can to keep pro markets 9. Bank Nifty showed signs of comeback yesterday but the rally failed again. 10. Largecap stocks continue to underperform whereas Mid & Small caps continue to soar new highs. 11. Once a trend develops in the markets it can go on for a long time than expected. 12. Interestingly , I was doing some number crunching yesterday and found that small & mid cap companies have given better than expected results than large caps. 13. Most of the large caps have disappointed. 14. Star of the pack

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