- U.S Futures were down more than 2% Yesterday when Indian Markets were active.
- That was the reason of such a big fall Yesterday.
- 11000 was the place of support and that was taken away.
- Bank Nifty below 21k.
- Now U.S Futures are slightly positive so SGX Nifty has recovered from 10800 to 10900.
- Month end expiry and all longs trapped.
- Everything contributed to a huge fall in the Markets.
- FII's have been selling relentlessly for the past week.
- As I previously mentioned , September will belong to the bears and the same happened.
- Coming to October series.
- One thing is for sure , unless Nifty crosses 11200 I won't be taking long Positions.
- I will be Bullish only when major resistance areas gets taken out and we sustain.
- Because when Market falls it falls with high steam and when it goes up the speed is of tortoise.
- This is a sell on Rallies Market now.
- Sell on Rallies until you get a clear Breakout.
- Many countries Considering to Lockdown again.
- Corona Virus vaccine getting postoponed.
- Also U.S elections around the Corner.
- Everything would lead to high Volatility until Diwali.
- Will look to sell Call options in Banking stocks on Pullbacks.
- Nifty might Trade between 10800-11000 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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