- U.S Markets were muted on Friday.
- Right now U.S futures & Asian markets are higher
- SGX Nifty is at 17400.
- Friday was a pleasant surprise for our Stock Market.
- Despite all the Global Markets against us we had a weekly breakout on both Nifty and Bank Nifty.
- 35k and 17300 on Nifty and Bank Nifty were taken out decisively.
- India VIX is now near 16.
- Markets are trending higher but at a nominal pace.
- Pace is not too violent as we had In November & December.
- Another significant news is FII's buying.
- FII's were net buyers for around 570+ crores on Friday.
- We need to see if this continues or Friday was just a one off day.
- Usually the first trading day sets the tone for the entire month.
- Friday's price action indicates Markets to be trending higher at a slow pace.
- Now we have been turned into a buy on dip Market.
- Any sort of dips should be bought into.
- 17300 PE and 17500 CE has the highest open interest in weekly options.
- 17300 PE closed at 90.
- So if Nifty breaks 17210 these writers could panic and create further downfall.
- Else 17300 to 17500 seems to be the range for this expiry.
- Nifty might Trade between 17280 to 17480 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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