- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- Asian markets are flat.
- SGX Nifty is up 100 points near 18200.
- FII's have been relentlessly selling for whole of November.
- Until they changed their mind on Friday.
- Friday for the first time FII data was positive and this led to a huge short covering in the Market.
- Market was highly volatile in whole of November.
- Friday we opened with a gap up hit 17900 and then zoomed towards 18100.
- 18100 was a very important level as it was the upper range for the month.
- Now we have closed at the upper range and today's gap indicates that Market has broke out.
- 18300 and 18420 is the next resistance for Nifty.
- Bank Nifty has huge call writing at 39000.
- Today's gap up might be somewhere near this range and if call writers start to wind up , then we might see a rally there as well.
- Today is a very important day to watch for FII data.
- We need to confirm whether its a continuous buying or just one off day on Friday where they have bought.
- 18000 PE has the highest open interest now in weekly and monthly.
- I was Bearish on Friday but Market proved me wrong and now I'm neutral / slightly bullish.
- Nifty might Trade between 18100 to 18300 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...
Comments