- U.S Markets were about 200 Points higher Yesterday during trading hours but have closed 500 Points lower .
- Asian Markets are lower.
- SGX Nifty is Trading near 17450.
- September was a very Good Month compared on close to close basis.
- Nifty rallied 900 Points in September.
- Currently we are in a situation stuck between very bad Global cues and Excellent local cues.
- Global Markets are in a heavy correction phase ahead of Inflation data tonight by U.S.
- On the Other hand , Tax Corrections , Sector Growth data have been excellent locally.
- Generally , gap downs due to Macro news offer a good opportunity to buy into.
- I'm Expecting the same for today.
- This gap down is a good buying Opportunity for short term traders and long term investors.
- October series I'm Expecting a positive situation for our Markets.
- Auto Sales data are going to come out today.
- I do not expect them to very good and that seems to be priced into the prices.
- Markets have been highly volatile from last 10 trading sessions.
- I expect Volatility to reduce today.
- Yesterday's expiry was negative due to expiry related issues and today's gap down is due to Global cues.
- 17400 should be a good support for the day.
- Advisable to sell 17000 PE weekly expiry on today's gap down.
- Nifty might Trade between 17400 to 17700 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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