- U.S Markets closed flat Yesterday.
- The closing was as flat as it can get.
- Dow futures are slightly higher right now.
- Asian markets are flat.
- SGX Nifty is +20 points.
- Today we are going to have a low volume trading session.
- As Monday is Independence day.
- Many market participants are off to a Vacation yesterday night.
- So expecting today to be at least 50% decrease in volumes than usual.
- Yesterday Market opened with a huge gap up & stayed flat throughout the day.
- India VIX fell 5% yesterday.
- This is the price action almost on an everyday basis now.
- Market opens either with a huge gap up or gap down.
- Stays flat throughout the day.
- From November to June Intraday traders were finding it easier to trade because of huge gaps.
- Now positional traders are making lots more money as Market is moving along a trend
- There are no sudden reversals nor news flow.
- So no strategy works always.
- Every strategy has its periods of underperformance and outperformance.
- You need to be sure about this before you enter trading.
- Do not skip your strategy and keep hopping onto a new one just because it hasn't worked for small periods.
- Nifty might Trade between 17600 to 17800 today.
- We might witness some profit booking in second half today.
- As people who have been long throughout the week have made good money.
- They would like to book profits anytime
- 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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