Skip to main content

Reversal !! (10th August 2023)

1. U.S Markets closed lower Yesterday.
2. All Indices closed in Red.
3. Last one hour U.S Markets fell sharply.
4. Right now Dow Futures are higher.
5. Gift Nifty is trading flat.
6. Yesterday was a perfect reversal day.
7. Nifty opened mildly lower and as soon as it opened it started to Crack.
8. First half Nifty was mostly lower and was hovering near 19500 thereabouts.
9. In spite of all global markets in Green , Nifty kept trading in red.
10. Bank Nifty underperformed significantly. 
11. When Nifty was down by half a percent , Bank Nifty was down by more than a percent.
12. As I mentioned Bank Nifty range of 44500 to 45000 in my previous Blog.
13. Bank Nifty reversed exactly from 44550 levels.
14. Nifty reversed from 19500 and there was a huge short covering rally.
15. Today we have RBI Policy and expectation is status Quo.
16. Status Quo in precise means no change in rates.
17.  If RBI increases rates then it would be negative for markets 
18. If they decrease rates then it would be Positive for the markets 
19. Expecting markets to be under some pressure till RBI event and then we move on from there.
20. Nifty closing above 19600 is a Bullish Sign.
21. I'm not that Bullish as this August is expected to be a sideways month and we already have signs of it 
22. Nifty might trade between 19450 to 19750 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

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.