Skip to main content

Posts

Showing posts from November, 2023

A percent away from ATH (30th Nov 2023)

1. U.S Markets closed mixed yesterday.  2. Right now , U.S Futures are trading higher. 3. U.S VIX was up 3% Yesterday.  4. Asian markets are mostly mixed. 5. Gift Nifty is indicating a flat opening for today. 6. Yesterday markets finally crossed 20k. 7. Nifty was up by a percent , Mid and small cap index was up by almost a percent yesterday.  8. Even when all these indices were higher , the advance - decline ratio was almost 1:1. 9. That means there were equal number of advances and declines. 10. Which gives you a message that money making isn't easy as you think. 11. Only high Quality stocks will perform and rest have already started to sink. 12. During September- October month,  no matter which stock you bought you made money. 13. November this wasn't the case 14. Markets are only rewarding good earnings and fundamentals now. 15. U.S Markets are just a percent away from ATH. 16. We are Just half a percent away. 17. It's a matter of time before we hit fresh ATH

FInally Market makes a move !! (29th Nov 2023)

1. U.S Markets closed slightly higher Yesterday.  2. Right now , U.S Futures are trading higher. 3. U.S VIX is now below 13. 4. Asian markets are mostly higher. 5. Gift Nifty is indicating a gap up opening above 20k now. 6. Markets in the final half hour of trading session yesterday have made a move. 7. Markets were just trading in a range until then. 8. In the last week of expiry , markets tend to make a big move. 9. Through Yesterday's closing , Is was a higher probability that Markets would make a big move on the upside. 10. Highest Open interest is now shifted to 19800 PE and 20,000 CE. 11. Now the range has shifted from 19700 to 19900 previously to 19800 and 20000. 12. Expect the markets to trade within this range today. 13. Wednesdays generally are highly Volatile trading days. 14. If 20k is crossed accidentally then you may head towards 20100. 15. The Possibility of the above happening isn't more. 16. Large cap stocks like Reliance , HDFC bank are

Absolutely Dead Market !! (28th Nov 2023)

1. U.S Markets closed slightly higher on Friday. 2. Yesterday our Markets were closed and U.S Markets closed slightly lower. 3. In total 2 days combined U.S Markets have gone nowhere. 4. Friday how much it was up , Yesterday the same it was lower. 5. Right now , U.S Futures are higher. 6. Gift Nifty is up 40-50 points. 7. Asian markets are mixed. 8. U.S VIX is now below 13. 9. Markets are stuck in a range and are going nowhere. 10. Good news for the Bulls is Markets are in consolidation. 11. They have not corrected even after a large rally of 1000 points from 18850 to 19850. 12. The next trigger would come from December 3 election results. 13. Until then the markets could keep chopping and test your patience. 14. There is a bit of stock specific action so its better now if you focus on stocks than indices. 15. HDFC Bank to me has bottomed out near 1450 and it as excellent long term bet. 16. Majority of the large caps are Bullish. 17. So until a fresh trigger eme

Option Sellers Market !! (24th Nov 2023)

1. U.S Markets were closed yesterday.  2. U.S futures closed slightly higher Yesterday.  3. Right now , U.S Futures are flat. 4. Gift Nifty is trading flat. 5. Asian markets are flat. 6. U.S Vix is now below 13. 7. Yesterday was again a very flat expiry. 8. As soon as Markets opened they tried to scale up above 19850 but again it was a flat day. 9. Major indices are not going anywhere since many trading sessions. 10. This is testing the patience of traders. 11. Specially option buyers because they need momentum. 12. There is absolutely no movement in the market to benefit.  13. However,  the option sellers are having a Gala time  14. No matter what option you have sold you should be in profit. 15. Such are the market dynamics currently. 16. Today is the final day for Tata Technology IPO and our verdict is to go ahead and subscribe.  17. If you get allotment,  do not square it off for small listing gains. 18. Forget it in your demat and you will notice multibagger returns. 1

Matter of time before we Break 19850? (23rd Nov 2023)

1. U.S Markets closed higher yesterday  2. All Indices closed higher. 3. Right now , U.S Futures are slightly higher. 4. Gift Nifty is trading flat. 5. Asian markets are higher. 6. U.S Vix is now below 13. 7. Yesterday for the first time there were signs of small caps cooling off. 8. Small cap index closed more than a percent lower yesterday but Mid cap closed Positive  9. Such healthy correction is good for the markets in long term. 10. People were buying any stock and were making money. 11. This creates froth in the markets and valuations begin to get ignored. 12. Yesterday for the first half Markets were trading lower. 13. Then there was huge short covering in the end  14. We are not following the optimism as Global markets since 3 days. 15. I think it's just a matter of time before we breakout on the higher side. 16. Once we break and close above 19850 then we would be heading towards all time highs. 17. One needs to be selective in small cap space now and do select

Momentum Continues !! (21st Nov 2023)

1. U.S Markets closed higher yesterday  2. All Indices closed very high. 3. Right now , U.S Futures are flat  4. Gift Nifty is indicating a 60-70 point downtick. 5. Asian markets are mixed. 6. U.S Vix is now below 14. 7. Yesterday was a boring consolidation day for the markets. 8. It was a flat opening and the same continued throughout.  9. There were some drastic moves during intraday , but all within a range. 10. I expect this consolidation to break on the higher side. 11. 19600 is a strong support and 19850 is the resistance.  12. A bigger move would come only when any of these level break  13. Bank Nifty yesterday showed signs of short term bottom  14. Correction in the financial space has been overdone. 15. Guidelines and limits are good for financial stocks in the long term. 16. IT index is in a Bull market. 17. Nasdaq in U.S is outperforming other indices like Dow Jones & S&P 500. 18. Indian IT Stocks were underperforming since a long time. 19. Now tye laggar

19850 - A stiff resistance ( 17th Nov 2023)

1. U.S Markets closed flat yesterday  2. All Indices closed very flat. 3. Right now , U.S Futures are higher. 4. Gift Nifty is indicating a 20-30 point downtick. 5. Asian markets are mixed. 6. U.S Vix is now below 14. 7. Yesterday was the most difficult expiry for expiry day option sellers. 8. There was a flat opening yesterday and the markets kept on moving higher. 9. That was the expiry effect as many shorters got trapped in the first half of the trade. 10. Nifty at one point of time crossed 19850 as well. 11. Then came a massive selling in the final hour  12. Nifty fell 130 points in no time  13. Again 19800 PE sellers got trapped badly. 14. I always say there is no point doing option selling on expiry days  15. For chillar 2-3rs premiums you may have to sell your house  16. One should know when to buy,  when to sell and when to hedge options. 17. Being stubborn and following just one type of trading and not being flexible will cause more ruins  18. 19850 is important be

Period of high interest rates coming to an end? (16th Nov 2023)

1. U.S Markets closed higher yesterday.  2. All Indices closed higher. 3. Right now , U.S Futures are lower. 4. Gift Nifty is indicating a 30-40 point uptick  5. Asian markets are higher. 6. U.S Vix is now below 14. 7. Many shorters and Call sellers got heavily trapped yesterday.  8. There was a big gap up yesterday and it sustained throughout the day. 9. This is the current nature of the market. 10. Markets are opening with big gap ups and gap downs and then not going anywhere. 11. To be able to make money and not get trapped one needs to track Macro factors. 12. Tracking Global markets and expecting a move is how you could benefit in the current scenario. 13. Bank Nifty and Nifty both have closed above their important support levels of 19500 & 43800. 14. Bank Nifty was the underperformer yesterday when compared to Nifty. 15. This is because IT Stocks which were underperforming since long are starting to catch up. 16. IT Stocks look attractive at current valuations. 17

U.S Inflation eases to 3.2% (15th Nov 2023)

1. U.S Markets closed higher on yesterday.  2. All Indices closed higher. 3. Right now , U.S Futures are higher. 4. Gift Nifty is indicating a 230 point uptick  5. Asian markets are higher. 6. U.S Vix is now below 14. 7. The talk of the town is U.S CPI data. 8. Inflation has cooled down to 3.2%. 9. This was much below the expectation.  10. Cooling of Inflation would lead to cooling of interest rates. 11. Settling down of interest rates hike. 12. This is the reason there has been a massive rally post the data. 13. Dow Jones shot up 500 points yesterday.  14. There has been news that Micheal Burry , the great trader who predicted 2008 crash has cut his short positions. 15. There was a news about him some time ago that he has taken a big short position. 16. Markers have been predicting that this is end of the rate hike cycle. 17. If we open as per what Gift Nifty indicates they we may open near 19700 levels. 18. There have been many call writers who have sold 19500 and above c

Momentum to continue !! (13th Nov 2023)

1. U.S Markets closed higher on Friday. 2. All Indices closed higher. 3. Right now , U.S Futures are negative. 4. Gift Nifty is indicating a 20-30 point uptick  5. Yesterday Nifty crossed the near term resistance of 19500. 6. Markets have closed above the important level of 19500. 6. Markers have turned Bullish in the short run. 7. Asian markets are all slightly negative. 8. It's becoming very difficult to predict U.S Markets in short term  9. Everybody there is a big move in U.S Markets. 10. Sometimes market behaves in a zig zag kind of fashion 11. One day it's up and the other day it's down. 12. The Volatility in the U.S Markets is of the highest order. 13. Over the years I've observed that Markets top out post Diwali in tye immediate short run. 14. There is profit booking on the streets. 15. Having spoken to many of the company managements , indicators are flashing green. 16. Gold sales have crossed 30k crores this Diwali,  the rural demand is picking up

FED rate hike fears !! (10th Nov 2023)

1. U.S Markets closed lower yesterday  2. All Indices closed lower. 3. Right now , U.S Futures are mixed. 4. Gift Nifty is indicating a 80-90 point down tick  5. Yesterday Nifty broke the near term support of 19400 towards the end of the day  6. Markers turned slightly negative in short term. 7. Yesterday,  the FED rate hike fears have again started to loom over. 8. Also the giant IT companies have reported earnings and they have missed estimates. 9. The next immediate support is at 19300 & 19200. 10. 19500 is a resistance going ahead. 11. Yesterday the advance decline ratio turned in favour of declines. 12. There were much more declines than advances. 13. Markets are moving sharply in intraday but on closing basis they haven't moved anywhere. 14. Nifty has been flat since last 2 years. 15. The index has hardly given any returns. 16. Bank Nifty yesterday crossed its important Hurdle of 43800. 17. But it couldn't sustain and close above thus level. 18. This is a

Positive Sentiment ! (8th Nov 2023)

1. U.S Markets closed higher yesterday.  2. All the indices closed a bit higher. 3. Right now , U.S Futures are very flat 4. Nasdaq has outperformed Yesterday.  5. Whereas S&P 500 & Dow Jones closed flat. 6. India VIX is trading in a comfortable range of 10-12. 7. Yesterday was a very ranging kinda day. 8. Markets opened near 19400. 9. There was a small profit booking on intraday basis. 10. Nifty went to 19350 and reversed again. 11. Yesterday Nifty traded almost in a 50 point range. 12. Bank Nifty traded in a 200 point range. 13. Bank Nifty tried hard to close above 43800 but failed. 14. Now markets might consolidate for a while. 15. Consolidation is good for the Bulls  16. Markets going up in a straight line like it went in September isn't good  17. As when markets rally vertically the fall will also be vertical. 18. Markets going up slow and steady via consolidation is what reduces risk. 19. Nifty might trade between 19300 to 19500 today. 20.  stockmarketadvi

Buy on Dip !! (7th Nov 2023)

1. U.S Markets closed almost flat yesterday.  2. All the indices closed a bit higher. 3. Right now , U.S Futures are slightly lower. 4. U.S VIX closed 2% higher Yesterday. 5. U.S VIX closed above 15. 6. India VIX is trading in a comfortable range of 10-12. 7. Yesterday was again a fantastic rally in the markets. 8. Markets closed at the highest point of the day Yesterday.  9. This indicates markets are in a Bullish phase  10. Trend is higher. 11. 19500 is a resistance now. 12. Generally , a day before expiry is a bit volatile. 13. So today in the first half there could be some Volatility and we might get a dip  14. This would be a buying opportunity as in the 2nd half Markets might recover. 15. This is the trend which I'm observing since quite some time for Tuesday. 16. Bank Nifty closed around 43600 yesterday.  17. Bank Nifty crossing 43800 indicates a big upmove to come  18. We might pause / consolidate for some time but ultimately we would be heading higher  19. Nift

Momentum Continues (6th Nov 2023)

1  U.S Markets closed higher on Friday. 2. All the indices closed higher. 3. Right now , U.S Futures are higher. 4. U.S VIX closed 5% lower on Friday. 5. U.S VIX closed below 15. 6. In last 6 trading sessions U.S VIX has fallen from 21 to below 15. 7. From many days I was pointing out towards the level of 19200. 8. Once we close above 19200 then view becomes Bullish. 9. Today we are opening with a huge gap up. 10. Markets now are either opening with a gap up or gap down. 11. This has been happening almost on a daily basis. 12. So now the view is Bullish and one can keep a stoploss of 19200 and be long on the markets  13. War and all is going on and will not end soon. 14. Markets discount the event much before they occur  15. So all these events have been discounted much before in advance. 16. Large caps are picking up so the Bullish view on Index has got more strength. 17. Now the resistance for nifty is 19400-19500 levels. 18. Bank Nifty might test 43800 in coming days. 19

Dow Jones up 500 !! (3rd Nov 2023)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Right now , U.S Futures are higher. 4. U.S VIX closed 8% lower Yesterday.  5. U.S VIX closed below 16 Yesterday. 6. In last 5 trading sessions U.S VIX has fallen from 21 to below 16. 7. Yesterday there was a huge gap up and it got sustained during the day. 8. There was a slight sell off during Intraday but markets recovered during the final hour. 9. Dow Jones Yesterday for the 2nd time closed + 500 points Intraday. 10. Gift Nifty is up 130 points today. 11. So if we open as per Gift Nifty , we will comfortably open above 19200  12. The important level I was talking about on the blogs regularly. 13. The important stuff to consider here is will we sustain above 19200. 14. Just a couple of days ago we opened above 19200 but were not able to sustain. 15. As per me , I sense markets were waiting for the FED policy and FED commentary to be over  16. Once this was out of the way and there were no fresh n

FED rate hike Pause (2nd Nov 2023)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Right now , U.S Futures are higher. 4. U.S VIX closed 8% lower Yesterday.  5. U.S VIX closed below 18 Yesterday. 6. In last 3 trading sessions U.S VIX has fallen from 21 to below 18. 7. But the way Indian Markets are trading for past 3 trading sessions is very confusing. 8. Right now Gift Nifty is showing 150+ Points gap up. 9. Last 3 trading sessions , we are unable to open as per Gift Nifty  10. U.S Markets kept trading higher for last 3 days 11. Indian Markets closed at the lowest point of the day almost on an everyday basis. 12. So there is a clear distinction in movement of Global markets and Indian markets  13. May be Indian traders were waiting for policy to go by and hence there was caution. 14. Today's market action would make us clear about the same. 15. The lower support now is at 18950 and 18850. 16. Upper resistance now is at 19200. 17. Yesterday as Markets kept trading lower , tr

Global Markets recover !! (1st Nov 2023)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Right now , U.S Futures are slightly negative. 4. U.S VIX closed 8% lower Yesterday.  5. U.S VIX closed below 19 Yesterday. 6. Yesterday Nifty opened above 19200 with a huge gap up but failed to hold on to the same. 7. Crossing important levels on the screen is much better than crossing it with gap openings. 8. 19200 is a stiff resistance for us. 9. This was because before 19200 broke around a week ago,  this low was held for around 4 months. 10. Crossing of this level of 19200 will turn markets Bullish. 11. Markets are trading within a small Intraday band but with heavy Volatility.  12. This Volatility is because of the Jio - Political tensions. 13. Expect markets to consolidate for some time between 19000 to 19200. 14. Then break open at the upper end above 19200. 15. It's Just a matter of time. 16. We cannot predict how much time it would stay in the range and when will it break open of the