- U.S Markets closed higher yesterday.
- Global cues have finally turned Positive in short run.
- SGX nifty is up 60-70 points.
- Amazon declared results after Market hours.
- Due to Poor Guidance , the stock fell 8-10% after results in pre Market.
- Apple in spite of beating street expectations is down 3% due to cautious guidance for the next quarter.
- Asian markets are higher.
- Yesterday it was a surprising and a fantastic expiry for Bulls
- I had pointed out it wasn't the time to go short and focus on building longs.
- Market has obliged.
- Now I sense the momentum and upside could continue further.
- Both FII's & DII's were net buyers yesterday.
- Remember this is an year of Mean reversion and not a trending year.
- So when markets rally a lot that's when it's the time to short near all time highs.
- When markets crashes and bleeds look for longs.
- This is a reversing Market with huge Volatility.
- Contra trades would only succeed in such Market.
- After yesterday's rally we have turned into buy on dip mode.
- Most importantly , US VIX has crashed 10% yesterday.
- Expecting India VIX to go down by 4-6% today.
- IT has been underperforming from quite some time , this is the time to accumulate IT stocks and HDFc twins.
- These are quality themes in the long run
- Nifty might Trade between 17200 to 17400 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