- U.S Markets closed higher on Friday.
- Right now Dow futures are higher.
- SGX nifty is higher & trading at 15900.
- Markets all over the World are witnessing a short covering rally.
- All the Markets are up and there's greenery everywhere.
- There's a saying that when markets go higher on bad news that's when it has bottomed out.
- Even after persistsnt Inflation issue pointed by Fed markets have been moving higher from last 4 trading sessions.
- Is the worst already discounted or more is yet to come?
- I don't think the worst is already discounted.
- This could again be a dead cat bounce like many bounces happened in the past.
- 16000 CE has highest open interest.
- For this expiry.
- So if you are long this is a good place to take off profits.
- Also after such huge gap up going long doesn't favour risk reward.
- There are 4 Trading days left for expiry.
- So the Theta decay would be quick.
- 15700 to 16000 opens up now
- Markets closed at 15700 on Friday.
- Whenever there are large breakouts they are mostly by huge gaps.
- As big players do not want retailers to participate.
- Nifty might Trade between 15700 to 16000 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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