- U.S Markets closed lower yesterday.
- Right now U.S Markets and Asian markets are lower.
- SGX Nifty is trading near 18220.
- In spite of big fall in Global Markets , SGX Nifty is still down just by few points.
- Yesterday was a very rangebound expiry.
- We had a short covering in the end but it was mostly rangebound only.
- IT index was flat throughout.
- Infy had come up great set of numbers and everybody expected a rise in prices.
- But a small gap up also got sold into.
- Usually , on the expiry days moves get restricted because of option writers.
- Real action begins on the day after expiry.
- Today's action is important to watch out for.
- 18300 straddle added huge open interest yesterday.
- 18000 PE also added good open interest in monthly as well as weekly.
- Yesterday I gave a swing trading set up on Nifty.
- Buy at 18200 with stop of 18k and targets of 18400 and 18600 (1:2 risk reward).
- This set up still holds well.
- Nifty might Trade between 18140 to 18360 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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