- U.S Markets closed lower yesterday.
- Right now Asian Markets are mixed.
- SGX Nifty is flat at 18220.
- Yesterday it was a boring Market until 2 pm.
- Last 1 hour , Nifty fell 100 Points and Bank Nifty by 200 Points.
- This is due to huge FII selling.
- FII's have been booking profits heavily and have sold more than 12k crores in last 5 trading sessions.
- Due to such heavy selling market is trading violently between 18000 to 18500.
- In spite of such big selling by FII's Nifty is down by only from 300 Points from all time high.
- This is because the DII's and the retail keep supporting Market as lower levels.
- Yesterday all the Banking stocks witnessed heavy profit booking.
- Axis Bank came out very good results but it fell 6% thereafter.
- Predicting stock specific move after results is too tricky as it all depends on F&O positions lined up.
- Expecting November to be a very boring month for trend followers whereas highly profitable for option sellers.
- Expecting VIX to crash below 15 sometime in November and Markets to consolidate.
- Consolidation to happen with slightly positive bias.
- Today expiry could be volatile after 1 pm and usually the monthly expiry are very volatile.
- IndusInd Bank has also come out very good results yesterday.
- Nifty might Trade between 18100 to 18350 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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