- U.S Markets closed slightly lower Yesterday.
- Dow futures are slightly lower now.
- Asian Markets are mixed.
- SGX Nifty is trading around 16250.
- We are poised for a flat opening today.
- Yesterday Bank Nifty saved the day for Bull's.
- Nifty after a long time underperformed Yesterday.
- I expect the Underperformance to continue for this Expiry.
- 16000 PE has the highest open interest for this week's Expiry.
- So on any dip selling 16k PE is advisable for Bulls.
- Yesterday we consolidated throughout the day on Nifty.
- Bank Nifty was very Volatile as Expected.
- This is not a Market where you can blindly go and buy any stock and make money.
- Market is highly Overvalued now so one has to be stock specific in this Market.
- IT stocks still have some steam left.
- This is a place for safe investors.
- Metal stocks have already rallied and doubled in last 6 Months.
- This sector doesn't seem attractive to me.
- Consumer , FMCG & IT are preferred sectors as of now.
- Nifty might Trade between 16160 to 16320 today.
- stockmarketadvisory.in
1. U.S Markets closed lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
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