Skip to main content

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 emerges markets could keep boring you.
18. 19700 to 19900 is the range for Nifty.
19. Risk - Reward lies in buying at the lower end of the range or shorting at the upper end of the range
20. Both the trades to be done with strict stoploss.
21. Nifty might trade between 19700 to 19900 today.

Comments

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

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