- US markets closed lower Yesterday.
- Asian Matkets are Flat with a Negative Bias.
- SGX Nifty is very Flat.
- Markets have been Highly Volatile for quite some time now.
- Yesterday Expiry was also the same.
- Directionless markets with high Volatility.
- Plus SEBI rules creating panic & volume changes in the Exchange.
- Traders should be very Cautious while dealing with such type of markets.
- Hedging is a must.
- The simple Strategy to Trade in such markets is to buy gap downs and sell gap downs.
- Buy Drawdowns and sell rallies.
- Because I do not expect the Markets to go very high from here nor expect it to crash a lot.
- Bank Nifty is still very weak and has not witnessed any recovery.
- It still seems to be a laggard.
- FIIs and DIIs both were net sellers in Cash market yesterday.
- DIIs have sold for more than 1000 crores.
- Now this is a big Number.
- Monthly Expiries can be even more Volatile & then some trending move might be witnessed by Tuesday Afternoon.
- Nobody knows what will happen , let's see.
- HDFC Bank is showing strength but all the Remaining PSU stocks look very weak.
- IT & Reliance continue to be the Pillars of the Market.
- I'm neither a Bull nor a bear as of now.
- I'm taking non Directionless bets with hedge.
- Will become a direction trader when Market gives me such indication.
- Nifty might Trade between 11460 to 11620 today.
- 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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