Skip to main content

Global Markets Crack !! (16th August 2023)


1. U.S Markets closed lower Yesterday. 
2. Right now , Dow futures are slightly higher.
3. Asian markets are lower.
4. Gift Nifty is down 80 points.
5. Markets have been going through a volatile phase in August.
6. With no clear trend and gap ups / gap downs almost on daily basis.
7. Bank Nifty is the one facing the heat.
8. Bank of England continue to raise rates , China property market concerns & a better than expected wage numbers all create stir in the market 
9. With better than expected wage data the rate hike fears still dominate the market.
10. U.S VIX climbed 11% Yesterday.
11. Fear has increased due to such incremental news.
12. IT Stocks expected to outperform in such environment where the currency expected to depreciate.
13. Monday was a highly Volatile trading day.
14. Nifty opened with minor gap down and had continued to go lower 
15. It even broke the recent low of 19300 and made a fresh low of 19260.
16. From the lows of 19260 , Nifty recovered 200 points and Bank nifty recovered 500 points from days low 
17. When you just see at the closing basis , Nifty closed flat.
18. Only the Intraday traders know how huge the Intraday Volatility was.
19. 19300 has been retested again and saved as we closed above it 
20. 19260 to 19650 is the larger range for nifty.
21. Markets expected to be Volatile within these levels.
22. Nifty might trade between 19320 to 19520 today.

Comments

Post a Comment

Popular posts from this blog

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
Post a Comment
Read more

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
Post a Comment
Read more

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
Post a Comment
Read more