Skip to main content

Stay Cautious ⚠️ (12th Sep 2023)



1. U.S Markets closed higher Yesterday.
2. Right now , Dow Futures are slightly lower.
3. Gift Nifty is up 70-80 points.
4. Asian markets are mixed right now.
5. Well who expected such a phenomenal rally in the stock market.
6. In just 7 trading sessions from the low of 19250 on Nifty we have now breached 20k.
7. This is a staggering and beyond expectations kind of rally.
8. Nifty at 20k previously is much more different than Nifty at 20k now.
9. Previously,  few largecap stocks kept moving higher and the broader market wasn't participating much.
10. Now the star of the show is the broader markets.
11. Major number of stocks are now higher than the levels they were at previous 20k level on Nifty.
12. Now the major question arises is what next?
13. Markets rallying continuously almost 100 points a day without going down is a cause of concern.
14. When there are vertical rallies the fall as and when they come would also be vertical.
15. At least we should consolidate or there should be an intraday reversal to scare the weak Bulls out.
16. Always know that buyers do not take markets to higher levels , short sellers do.
17. As and when the party lasts its time to enjoy the party.
18. When there are signs of reversal , then we could consider changing the strategy.
19. One thing I'd like to advice is to stay in the market , the right opportunity would come.
20. I never expected such kind of rally in the markets but as I'm in the markets and not out of it I could benefit from the same.
21. Staying put and watching out from the boundary waiting for the right time is a stupid strategy. 
22. Nifty might trade between 19900 to 20200 today.
23. 19900 has the highest open interest in weekly options now.


Comments

Post a Comment

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
Post a Comment
Read more

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

Show me a negative news? !! (3rd June 2024)

1.U.S Markets closed higher on Friday.  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 500 Points. 7. There is a list of Positive news. 8. Which one do you wish to hear first? 9. Ok let me start. 10. First the GDP at 8.2% is a fantastic growth by India. 11. This shows that we are the only Country who is growing and is capable of growing in future at this rate. 12. GST Collections at 1.73L crore. 13. Just previous FY , we had hit 1L crore collections. 14. Now we are on the way to 2L crore. 15. More GST collections implies higher growth in the economy etc. 16. Next is the Global sentiment has changed. 17. Dow has rallied more than 500 points on Friday.  18. FII's F&O Positions indicate the are hugely short on the markets. 19. Next,  the exit Poll survey which indicates that the present Govt is likely to continue.
Post a Comment
Read more