- US markets closed higher Yesterday.
- Second Consecutive day of record high closing for U.S Markets.
- Asian markets are struggling to maintain momentum.
- We have very good Global cues but the local cues seem to be creating an issue for the Markets.
- Yesterday as well , Nifty was unable to cross it's resistance of 15k.
- From last 2 Months as & when Nifty tries to cross 15k , selling pressure emerges.
- SGX Nifty is trading at 14920 now.
- Bank Nifty is the underperformer.
- Bank Nifty underperformance is effecting Nifty as well.
- Yesterday too in last 30 mins, Bank Nifty fell 500 points.
- On a close to close basis we closed exactly where we closed the previous expiry.
- The Volatility in between this was very high.
- Yesterday India VIX again closed below 20.
- Now India VIX below 20 indicates very low premiums for options.
- As and when India VIX has closed below 20 , in coming few days again the Volatility has increased.
- After a tremendous Bull run we are consolidating.
- 14200 to 15500 is the range.
- In between this 1300 points we have been highly volatile.
- Market is going nowhere but still acting as if something major could happen.
- I feel we might consolidate for some more time.
- Bank Nifty has to outperform for Markets to touch all time highs.
- Same way don't expect big correction from here.
- Every dip close to 14500 is a buying correction and rallies close to 15100 are selling Opportunities.
- Nifty Might Trade between 14760 to 15020 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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