- U.S Markets closed lower Yesterday.
- This is due to Tensions floating in Afghanistan.
- Asian Markets were negative yesterday during the Trading hours.
- Now , all of them have recovered.
- SGX Nifty is Trading around 16650.
- It is safe to say that Indian Markets are outperforming the Global Markets.
- August series continues to be dominated by the Bulls.
- Yesterday evening , a news emerged that RBI has allowed HDFC Bank to issue Credit Cards.
- HDFC Bank has been underperforming from quite a long time due to RBI restriction.
- This temporary lift of Ban might trigger some Positivity in the Stock.
- Bank Nifty might outperform today as HDFC Bank has the highest weight in Bank Nifty.
- Lot of calls have been written at 16600 and 36k for Bank Nifty.
- Yesterday's last 30 mins rally in the Markets have caused a trouble for these people.
- 16500 straddle also has the highest open interest.
- So if Market sustains the Positivity we might see unwinding of these Call writers which will further take the Market higher.
- Premiums are already too low so one can shift to monthly expiry contracts.
- IT sector has outperformed yesterday and it should continue the momentum.
- Bank Nifty is the key today , if Bank Nifty sustains above 36100 then this will carry Nifty single handedly.
- Nifty might Trade between 16520 to 16700 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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