Skip to main content

Ranging Markets!! (12th July 2023)

1. U.S Markets closed higher yesterday 
2. Dow Jones closed higher whereas Nasdaq closed flat.
3. Right now , Dow Futures are flat.
4. Asian markets are mixed.
5. Gift Nifty is indicating a gap up of 50-60 points.
6. All over the World , IT Stocks have been underperforming compared to other stocks.
7. In the U.S & in India the similar situation is being persisted.
8. Mid & Small caps have been outperforming the Nifty.
9. They are firing on all cylinders.
10. Majority of the portfolios are now in gains.
11. During this situation is when you got to be extra careful.
12. It's time to take 30-40% profits off the table and stay invested for remaining.
13. If you are having junk stocks which you know were for trading its better to get rid of them now.
14. Markets won't provide exit opportunities later on.
15. 19300 to 19500 range is still being held on the Nifty.
16. Yesterday as well nifty had reversed from 19500.
17. Once 19500 is crossed we would be heading higher. 
18. Until then , it's advisable to buy near 19300 with a stop of 50 points and short near 19500 with a strict stop.
19. Bank Nifty is also in a range of 500 points.
20. Bank Nifty range is 44500 to 45000.
21. Same ranging strategy which was applied for Nifty can be used for Bank Nifty as well 
22. Nifty might trade between 19300 to 19500 today.


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

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