- U.S Markets closed lower yesterday.
- Right now Dow futures are lower.
- SGX nifty is higher & trading at 15700.
- Asian markets are lower.
- Yesterday it was a very topsy turvy expiry.
- Nifty opened lower and just after opening it kept on moving higher.
- Huge short covering took place as soon as markets opened.
- Call option premiums started to shoot up.
- All CE's became 3-4x just in first hour.
- Near 15880 Nifty started to resist and some profit booking was witnessed.
- Nifty fell all the way back close to 15700 and it was all over the places.
- Yesterday to my surprise , all the Markets were in deep red.
- Dow futures were down 400 points during our trading hours.
- Even then our Markets have shown great resilience.
- Yesterday U.S markets as well were highly volatile.
- SGX Nifty made a low close to 15600 and recovered.
- All this Volatility in other markets is coming from mother market U.S
- 15700 to 15900 is the range for Nifty.
- This is a very narrow range and won't sustain for long.
- Long for a significant crossing of this range for the markets to pick up momentum.
- Within this range there is only one trade which is to buy at lower end and short at higher end.
- Today it's the first day of the July series. Yesterday Nifty June futures were trading at 20 points discount to spot.
- Even July futures were also at discount.
- This shows extreme shorting and bearishness in the Market.
- Nifty might Trade between 15600 to 15900 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