- U.S Markets closed lower yesterday.
- Right now U.S Futures are higher.
- Asian Markets are mixed.
- SGX Nifty is almost flat.
- Yesterday we witnessed a big panic selling in the first hour.
- Bank Nifty down 600 points at one point.
- Nifty down 200 points.
- Gradually we started recovering & also there was clarification from Adani group that demat Accounts were not frozen.
- This let to a short covering in Markets.
- I mentioned Yesterday that Adani group news shouldnt have much effect on Markets.
- The Market is at all time highs and any Negative news will be reacted fiercely.
- That's what happened yesterday.
- The most surprising thing yesterday was even when Markets crashed option writers didn't sell call options to manage.
- Instead they sold more Put options.
- This shows the confidence of Bulls.
- 15700 & 15600 PE added large open interest yesterday.
- FII's long position is over 85% in Index Futures.
- I don't see any reason to be Bearish in near term.
- Every dip is an Opportunity to buy.
- Once we sustain above 15800 on Nifty and 35k on Bank Nifty this will lead to further short covering.
- Those who shorted yesterday will be trapped today.
- Nifty might Trade between 15720-15880 today.
- Bank Nifty might Trade between 34800 to 35400 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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