- US markets closed on a Flat Note Yesterday.
- Asian Markets are also witnessing some Profit Booking after a Fantastic rally.
- SGX Nifty is 40 Points higher and Trading near 10050.
- Nasdaq hit an all time high Yesterday but closed lower by EOD.
- Yesterday some Unusual Thing Happened in Options Market.
- Bank Nifty Options for weekly Expiry were not showing the True prices.
- One tick was showing ₹60 and next tick ₹95 etc etc.
- Many BROKERS closed Market orders , many Bank Nifty Traders lost huge Yesterday.
- NSE is still Silent to this issue. They should come out & Admit this issue.
- Amidst all this , another Big news Came for Banking Stocks Yesterday.
- There was a Petition being filed in Supreme Court for waiver of interest for Businesses.
- Supreme Court was firm to waiver off the interest.
- RBI said ₹2 lakh Crore will be lost if interest is waived for Businesses.
- There seems to be a clash going on between SC & RBI now.
- After this news broke out all Banking Stocks started to fall.
- Expect Bank Nifty to unperperform in the wake of this news.
- My Long Term Recommendation , Reliance Stabilised the Market Yesterday & closed 2.5% Higher or else there would have been a bigger fall Yesterday.
- Another Positive News for Reliance Shareholders.
- Abu Dhabi Fund Mubadala has Invested ₹9093.6 crore in Reliance Jio Platforms.
- FII's were net Buyers Yesterday and DII's continue to sell.
- Expecting Markets to be Consolidating for some time now.
- Global Markets are Positive but local cues for Banks are not that Great.
- Without the Help of Bank Nifty , Nifty cannot keep going ahead.
- So the larger Range for Nifty is now between 9800 to 10200.
- Expecting this Range to remain for some time now.
- Intraday range is 9950 to 10150.
- U.S VIX is now below 25 and India VIX is still above 30.
- Expecting India VIX to fall below 25 in coming days which will be good for Hedge Traders .
- Bank Nifty seems weak and is in a sell on rise zone.
- Do not carry any Positions over the Weekend.
- 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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