Skip to main content

18900 to be crossed today? (28th July 2023)


1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are slightly lower.
3. Asian markets are slightly higher.
4. SGX Nifty is indicating a gap up opening of 50-60 Points 
5. So markets are likely to open higher today.
6. Yesterday was a trending day for the markets.
7. Markets after opening faced a bit of profit booking.
8. After that Initial bout of sell off , there was big recovery and rally next.
9. Markets gradually inched higher and closed at the highest point of the day.
10. Importantly , Nifty and Bank Nifty both closed above their important resistance levels.
11. Nifty closed above 18800.
12. Bank Nifty closed above 44k.
13. Both the indices indicating a breakout during the close.
14. There is a good Possibility that 18900 gets taken out today itself.
15. Once 18900 is crossed on Nifty it would take a jiffy for nifty to hit 19k.
16. There was a news yesterday about hdfc bank & hdfc Ltd merger being effective from 1st July.
17. This is a positive news for both the stocks 
18. Bank Nifty has outperformed Nifty Yesterday.
19. Bank Nifty has more steam under it right now.
20. 44500 is crossed on Bank Nifty would lead to a new high of 45k.
21. My view is Bullish now and the low of 18650 on Monday is a short term bottom for me 
22. Working with this plan as of now.
23. Nifty might trade between 18700 to 19k today.

Comments

Popular posts from this blog

Nifty hits 17k (15th March 2023)

1. U.S Markets closed higher yesterday.  2. Right now , U.S Futures are lower. 3. SGX Nifty is up 80-100 points. 4. Asian markets are mixed. 5. There has been 4 days of relentless selling in our Markets  6. The reason doesn't seem to be Banking collapse in United States. 7. U.S Markets have settled after a knee- jerk reaction. 8. Our Markets haven't settled yet. 9. This isn't a selling like the previous ones. 10. Previously FII's used to target few nifty stocks  11. Used to sell them and create panic. 12. This selling is now an all around selling. 13. Broader Markets have been bleeding extensively. 14. There is pain all around. 15. Now 17300 becomes a very important resistance. 16. Nifty might retest 17300 and then break 17k. 17. Markets won't collapse in a hiff.  18. There would be intermittent rallies in between to take weak shorts out. 19. FII's have now been selling aggressively.  20. Nifty might trade between 17000 to 17300 today. 21. stockmarke

SVB Bank crisis Unfolds (13th March 2023)

1. U.S Markets closed lower on Friday. 2. Right now , U.S Futures are higher. 3. SGX Nifty is up 20-40 points. 4. Asian markets are higher. 5. I wasn't able to understand why were the markets crashing on Thursday & Friday. 6. During the weekend the news broke over. 7. SVB Bank which has been termed as the worst crisis since 2018. 8. This is mainly a start up based Bank. 9. This crisis was to happen looking at the start up valuations and findings received. 10. This was anticipated by big players and hence there was intense selling on Thursday and Friday. 11. Sometimes , one doesn't understand a particular move of markets unless news is out. 12. As retailers are the last players to know anything happening. 13. During the weekend , FED ensured and gave assurance that Depositors funds would be safe. 14. No depositors would lose money. 15. That's the reason U.S Futures are higher by more than a percent each. 16. Looking at Technicals , we are trading at the lower

Nifty hovering near 17k ( 16th March 2023)

1. U.S Markets closed lower yesterday.  2. Right now , U.S Futures are higher. 3. SGX Nifty is Flat. 4. Asian markets are mixed. 5. Yesterday Nifty tried to retest 17300. 6. There was a rejection from this level and Nifty broke 17k. 7. Exactly as we has hinted in the blog yesterday. 8. U.S Markets when I slept yesterday were down 700 points. 9. Today Morning I saw there was a sharp recovery from the lows and they have closed just 270 points lower. 10. This recovery from the lows cannot be termed as bottom yet. 11. Trends don't change so easily and bottoms take time to be made. 12. 16800 is the next major support now. 13. All he'll would break loose once markets break 16800. 14. We might consolidate now for a few trading sessions. 15. Before there's a bigger move in the markets. 16. 17000 is the first support and next major support at 16800. 17. U.S VIX has crossed 25 now. 18. India VIX is close to 17 now. 19. The Volatility which we are having now it seems like