Skip to main content

FIN Nifty Expiry!! (23rd May 2023)


1. U.S Markets closed mixed 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 momentum continuation day.
6. Nifty carried its momentum from Friday and closed at the highs of the day.
7. Last 2 trading sessions , Nifty has closed at the highest point of the day.
8. Before the last 2 trading sessions,  for 3 consecutive trading sessions Nifty closed in red.
9. Nifty had reversed from 18400 levels all the way to 18050 levels.
10. In the last 2 trading sessions , it has reversed all the way from 18050 levels to 18300.
11. The larger trend of the markets is Bullish.
12. In was just a shake off in between to cut the weak longs off.
13. Markets was in a continued upswing and almost everyone was long on the markets.
14. Hence it was a jerk to cut the weak longs off.
15. 18050 to 18400 is the bigger range for Nifty now.
16. Nifty is trading violently within this range.
17. Volatility has increased in this final week of trading.
18. There have been sudden and drastic moves during Intraday.
19. I would taking a trending move only when 18050 or 18400 is taken out.
20. Until then , would prefer to trade the range.
21. After FIN Nifty expiry, Tuesdays have become highly Volatile. 
22. Nifty might trade between 18200 to 18450 today.

Comments

Popular posts from this blog

BJP Falls short of Majority (5th June 2024)

1.U.S Markets closed higher Yesterday  2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically.  9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com

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

Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday.  2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view  19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21.  stockmarketadvisory.in