- U.S Markets closed higher Yesterday.
- Asian Markets are also Trading higher.
- SGX Nifty is indicating a positive opening around 15800.
- The talk of the town is U.S Inflation data.
- The General Expectation was 4.7% but it was come way higher at 5%.
- In spite of this U.S Markets closed higher yesterday much to everyone's suprise including me.
- Higher Inflation leads to higher interest rates and that is a negative news for Market.
- Higher Inflation also reduces the purchasing power.
- Yesterday I had mentioned that Wednesdays move was just a shake off to remove the loose hands.
- Market should start moving normally higher.
- That's what exactly happened yesterday's expiry.
- Market closed at the highest point of the day yesterday and trapped shorts.
- Today key levels for Nifty and Bank Nifty are 35500-35500 on Bank Nifty and 15800 on Nifty.
- Once we start sustaining above these levels then further short covering will take place.
- On Wednesday at one point of time my MTM loss was near 4 lakhs.
- People will show you how they were right on a trade and how the made Money.
- Hardly anyone would say you how to tackle such Volatility with Adjustments.
- That's what succeeds a trader in the longer term.
- I didn't panic did some adjustments and yesterday it's reduced to 50k.
- One needs to understand the risks and rewards and shouldn't panic by looking at MTM status.
- I know many people on Wednesday Stoploss got triggered in both the directions.
- Bank Nifty might Trade between 35000 to 35500 today.
- Nifty might Trade between 15720 to 15880 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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