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

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