- U.S Markets closed flat on Friday.
- Right now , Asian Markets are higher.
- SGX Nifty is at 17900.
- TCS has declared results over the weekend and the results seem sub-par.
- We cannot judge how a stock reacts just after results as it depends on the long -short position existing during that instance.
- IT Stocks have run up quite a lot factoring in good results and now any sort of disappointment could be damaging.
- Over the weekend Reliance announced Takeover of Solar company.
- It was done to tighten its grip in the power sector.
- 18000 CE has the highest open interest in weekly as well as monthly expiry.
- Despite Nifty going to 17940 on Friday , open interest kept adding.
- These sellers are quite confident on Nifty not taking out 18k soon.
- If by any means 18k gets taken out , Market will rally 100-200 Points in no time.
- All these writers could be trapped propelling the Market higher.
- RBI Policy as expected was status quo on Friday and INDIA VIX fell considerably.
- Option premiums on both the sides are very low for October series.
- We have 12 trading sessions in October now as we are having two public holidays.
- Decay will be faster citing the same.
- Any dip close to 17850-17800 is a buying opportunity.
- Look to build positions on dips towards the long side.
- Nifty might Trade between 17800 to 18000 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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