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. Nifty might trade between 19200 to 19500 today.

20. stockmarketadvisory.in

Comments

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

Consolidation (2nd August 2023)

1. U.S Markets closed mixed Yesterday. 2. Dow Jones closed mildly in Green. 3. Rest of the indices closed lower. 4. Right now , Dow Futures is lower. 5. Gift Nifty is down 40-50 Points. 6. Asian markets are mostly lower as well. 7. It's a sort of Consolidation going on in the markets. 8. Markets are trading flat in between 19600 to 19800. 9. Within this range , Nifty is swinging like a pendulum. 10. Bank Nifty range is 45300 to 45800. 11. Both the Indices are moving at tandem. 12. Yesterday's expiry was quite flat. 13. FIN Nifty traded flat for whole of the expiry. 14. All option buyers in FIN Nifty lost huge. 15. Markets are likely to consolidate for few more sessions. 16. 19600 is the buying zone. 17. 19800 is the selling zone. 18. Unless we don't get any signs of range breakout we won't have to take one side view 19. Nifty might trade between 19600 to 19800 today. 20. Post this fed rate hike markets have become dizzy. 21. stockmarketadvisory.in

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