- US markets opened 2% higher yesterday but was under selling pressure in the last Hour.
- In the last hour, S&P 500 lost almost half of the gain.
- That is due to a news report that said Trump is considering sanctions against China.
- Asian markets are mixed.
- SGX Nifty is Flat.
- Another issue which nobody is talking about is India - China Border issues.
- Yesterday , for the first time in May Series Bank Nifty Outperformed Nifty.
- Bulls were Unable to take away the Resistance of 9200 on Nifty.
- Markets fell 150 points from Yesterday Intraday high.
- HDFC ltd even after bad results was up 3% Yesterday.
- Financial Stocks Seem to be bottoming out of their Bear Market.
- On the other hand , Bajaj Finance is making 52 weeks low on a daily basis.
- In Spite of VIX being down , there was huge Volatility Yesterday.
- Both FII's & DII's were net Buyers Yesterday.
- Our Markets are not following the Global Markets
- Dow Futures were up 2% Yesterday but our Markets closed near the lows of the day.
- 9000 PE has the highest open interest in Weekly Expiry.
- If 9000 is taken out on Nifty Significantly then we can expect 50-80 Point quick fall in Nifty.
- Short term range for Nifty is 9000-9200
- Kotak Bank is coming up with a QIP.
- QIP launched with a Max discount of 5% on the floor price.
- Our Markets Seem to be in a Consolidating mode and waiting for some big triggers to respond.
- The Triggers might come from Macro Environment and not from Micro Environment.
- Indian Markets are highly Underperforming the World Markets.
- Nifty is in a Broader range of 8800 to 9200.
- Best Trade is to take Contra trades near the Boundaries as the risk reward is in our Favour.
- Bank Nifty might Underperform today due to Kotak Bank QIP.
- QIP will place pressure on Bank Nifty today.
- So sell on Rallies Strategy can be applied for Bank Nifty near 17800-18000.
- IT Stocks might Underperform today due to Macro tension. So one can explore Shorting Opportunities here.
- stockmarketadvisory.in
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...
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