- Dow Future's from being -0.8 have turned positive to 0.4%
- US and European Futures are Mindly higher.
- SGX Nifty is Trading around 12970.
- Indicating gap up around 100 Points.
- Volatility is too high in the Markets now.
- On Friday Nifty rested 12700 and almost recovered 200 Points in about 2 hours.
- Markets are moving sideways in a range but with Big Volatility.
- This Gap up of 100 Points isnt Justifiable to me.
- I'll observe the Markets after opening and see the price action.
- If Nifty isn't showing strength near 13k my first trade would be to take a short position with around 50 point stoploss.
- If 13k is crossed , sustained and my Stoploss is triggered I would become Bullish.
- 13k has added big open interest so it will act as a Resistance.
- This week we have weekly + Monthly Expiry both together.
- So Volatility would be much more higher.
- You need to risk a substantial amount of risk to make good money in these kind of Markets.
- Banking sector would be in focus today due to Lakshmi Vilas Bank dissolution news.
- Will it be merged with any bank or not would be a big question.
- Nifty might Trade between 12840-13000 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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