- 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 lower YESTERDAY. 2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation. 11. All these news have spooked the Global Markets. 12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday. 14. Although it doesn't impact us at all , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive 16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low...
Comments