All time high today? (1st Dec 2023)

1. U.S Markets closed higher Yesterday.

2. Right now , U.S Futures are trading flat.

3. U.S VIX closed below 13 Yesterday.

4. Asian markets are mostly higher.

5. Gift Nifty is indicating an opening close to all time highs today.

6. Yesterday was a roller coaster kind of expiry.

7. Nifty first opening higher and witnessed profit booking , trading with huge Volatility within a Range and then finally closing at the highest point of the day.

8. November was a spectacular series for the Bulls.

9. Nifty scaled up from the recent lows of 18850 to nearly close to all time highs in November.

10. December , on the other hand will largely be depended on the election results and macro factors.

11. There is currently a very positive news to start off the December series.

12. That is the Q2 GDP data that has been announced yesterday.

13. Q2 GDP data on all fronts was quite excellent.

14. All the sectors including Manufacturing largely showed great strength.

15. Our economy is doing extremely well and you shouldn't miss being a part of stock market currently.

16. This decade belongs to India.

17. So just make it large.

18. 20220 is an important level to watch out for today.

19. Yesterday Dow Jones in U.S Markets crossed its previous All time highs.

20. So it's quite possible we go to fresh today

21. Once 20220 is crossed , they we would be in an open zone and would scale fresh highs.

22. Yesterday's low of 20000 is a good support to work with currently.

23. Once we scale all time highs , 20200 would be a great support to work with.

24. Nifty might trade between 20000 to 20300 today.

25. 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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