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

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