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Showing posts from June, 2024

Welcome July !! (28th June 2024)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Gift Nifty is indicating a gap up of 70+ Points. 4. Asian markets are higher.  5. Indian Markets are outperforming in Asia. 6. Yesterday finally we got to know why Reliance was higher since last 2 days. 7. Yesterday there was news that Reliance has increased its tariffs. 8. That too in the range of 12.5-25%. 9. This is massive price hike by JIO 10. Reliance hit fresh all time high yesterday.  11. There is steam left on the upside for Reliance. 12. Yesterday as expected Nifty had test 24k and closed slightly higher too. 13. Now , I sense Nifty , Bank Nifty might consolidation for some time and mid and small caps could join the party. 14. That would be interesting to watch. 15. U.S VIX is now close to 12. 16. Expect the India VIX to go lower as well. 17. Do not sell calls in this market. 18. Many traders are of the opinion that Markets have rallied a lot and it can't go more. 19. Nobody knows when...

Monthly Expiry Setup !! (27th June 2024)

1. U.S Markets closed higher yesterday.  2. All the indices closed slightly higher. 3. Gift Nifty is indicating a flat opening. 4. Asian Markets are mixed. 5. Indian Markets are outperforming in Asia. 6. The star of the show Yesterday was Reliance. 7. Reliance was up 4% today. 8. HDFC Bank is now facing a resistance near 1750-1760 which is its all time high. 9. Once it crosses the upper band , it will zoom to 2k in no time 10. The major indices look Bullish as Largecap stocks have started to perform. 11. Mid and smallcaps might go into some consolidation.  12. Which is also good as they have already rallied a lot. 13. ICICI Bank has hit fresh highs. 14. Hdfc bank and Reliance closer to 52 week highs. 15. So the index heavyweights are all looking extremely Bullish.  16. U.S VIX crashed 3% Yesterday. 17. India VIX too crashed by a percent yesterday.  18. Lower Volatility indicates sustained momentum. 19. There is a great chance we might test 24k on Nifty to...

How to prepare for expiry? (26th June 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed lower. 3. S&P 500 & Nasdaq closed higher. 4. Asian Markets are mostly lower. 5. Indian market is an expecting. 6. The star of the show from quite some time in undoubtedly HDFC Bank. 7. HDFC Bank & ICICI Bank have on their own taken Bank Nifty to new heights. 8. HDFC Bank is now facing a resistance near 1750-1760 which is its all time high. 9. Once it crosses the upper band , it will zoom like ITC. 10. Large cap stocks are making a comeback. 11. Reliance is also closer to its 52 week highs. 12. While most of the Mid and small cap stocks valuations are a bit stretched,  smart money is chasing Largecap stocks. 13. U.S VIX crashed 3% Yesterday.  14. Expecting India VIX to cool down a bit. 15. Wednesdays are generally volatile so today there might be some Volatility . 16. Nifty has closed above its range of 23700 and Bank Nifty has hit fresh highs 17. Both these indices are on a Bullish tone. 1...

Ranging Markets!! (25th June 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed higher. 3. S&P 500 & Nasdaq closed lower. 4. Asian Markets are mostly mixed. 5. Gift Nifty indicates a positive opening of 30-40 Points.  6. Yesterday,  markets opened close to the lower end of the range of 23400 and then scaled higher. 7. The dip got immediately bought into. 8. Yesterday the unexpected stuff was VIX rise 9. India VIX rose 7% Yesterday  10. Though premiums haven't risen proportionally, VIX rising isn't good. 11. Today also might be a flat day. 12. Markets are moving all over during intraday,  but are closing flat. 13. This shows that there's no big trigger upcoming in the markets. 14. Which can cause a big move. 15. 23400 to 23700 is the range currently. 16. Bank Nifty range is 51k to 52k. 17. Markets are see-sawing within this range. 18. The only trade currently is buy closer to lower end of the range & sell closer to upper end of the range. 19. This is where th...

Consolidation with Huge Volatility!! (24th June 2024)

1. U.S Markets closed mixed on Friday. 2. Dow Jones closed higher. 3. S&P 500 & Nasdaq closed lower. 4. Asian Markets closed mixed. 5. Gift Nifty indicates a negative opening.  6. Markets are trading with huge Volatility.  7. Movement is rangebound on closing basis. 8. Intraday Volatility is huge. 9. Nifty is making a 100 point swing in just 10 minutes. 10. Right now , U.S Markets are lower. 11. Gift Nifty is down 80 points. 12. 23400 to 23700 is the range for Nifty currently. 13. Markets are about to open within this range. 14. Nifty is likely to open near the lower end of the range. 15. Close to the levels of 23400 which is a buying opportunity.  16. Quant MF's Holdings may come under pressure today. 17. Not the large holdings like Reliance etc. 18. Small cap stocks might come under pressure today because the logic is many retailers copy the portfolios.  19. Seeing Quant Buy they too buy blindly and now due to this allegation , they may sell out...

Consolidation with Volatility!! (21st June 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed higher. 3. S&P 500 & Nasdaq closed lower. 4. Asian Markets closed mixed. 5. Gift Nifty indicates a flat opening. 6. Markets are trading with huge Volatility.  7. Movement is within rangebound. 8. Expect this to continue for some time. 9. The range for Nifty is 23400 to 23700. 10. At the lower end of the range , there is buying witnessed. 11. Higher end of the range there is conjession. 12. It's like a tug or war. 13. Do not expect any major moves until this range gets taken out  14. Bank Nifty is in a big outperformance zone. 15. All the credit goes to HDFC Bank. 16. Quality stocks test your patience but reward your conviction. 17. On numerous occasions , I had recommended HDFC Bank. 18. It tested patience , now it's finally rewarding. 19. U.S VIX was up 7% Yesterday. So expect India VIX to rise a bit. 20. Nifty might trade between 23400 to 23700 today. 21.  stockmarketadvisory.in

Weekly Expiry!! (20th June 2024)

1. U.S Markets were shut Yesterday.  2. Asian Markets closed mixed. 3. Gift Nifty indicates a flat opening. 4. Yesterday was the day of Bank Nifty.  5. There was clear outperformance of Bank Nifty compared to Nifty 6. Bank Nifty touched 52k at one point of time. 7. It was a one way rally in Bank Nifty.  8. HDFC Bank the sleeping elephant has finally woke up. 9. It has woke up with some venom. 10. Hdfc bank is up 12% is just a week. 11. The underperformer over last 3 years has finally joined the party. 12. Today is weekly expiry of Nifty. 13. Expect Nifty to trade within an inside candle. 14. The range of 23400 to 23700. 15. Yesterday was the day of Bank Nifty , today could be Nifty. 16. Yesterday there was heavy Volatility.  17. India VIX spiked up 5% yesterday.  18. Expecting Volatility to cool down a bit. 19. Markets are expected to trade flat. 20. Nifty might trade between 23400 to 23700 today. 21.  stockmarketadvisory.in

Time to be Cautious on Long side !! (19th June 2024)

1. U.S Markets closed mixed Yesterday. 2. Asian Markets closed mixed. 3. Gift Nifty indicates a gap up of 50+ Points. 4. Yesterday was the day of Bank Nifty.  5. There was clear outperformance of Bank Nifty compared to Nifty 6. Bank Nifty inching towards 51k. 7. Nifty inching towards 23800. 8. In Bull Markets often we get very much complacent over the long side. 9. We keep buying on any level , any gap up etc. 10. This is the time to be cautious. 11. Cautious only for June expiry. 12. Also there have been rumours floating around that FM is considered a reduction of tax rates. 13. As you might have learnt from the elections,  never trust any rumour. 14. Nobody knows what's going to happen in reality. 15. Last week of expiry is always highly Volatile. 16. We are closer to it now. 17. 23800 on Nifty and 51k on Bank Nifty are the final targets for June. 18. Markets might rally more from here In June itself but it's better to take some profits off the table. 19. Do not ...

Closing above 23500+ today? (18th June 2024)

1. U.S Markets closed higher yesterday.  2. Nasdaq continues to outperform other indices. 3. Indian IT Stocks are still lagging behind. 4. Asian Markets are trading higher. 5. Gift Nifty is indicating a positive opening. 6. We are not the only Markets which are in a Bull Market. 7. U.S Markets are up almost 30% for this Financial Year. 8. There is a big Bull Market going on there. 9. I heard a news that some Economist is predicting a 90% crash in all markets in 2025. 10. I had received many DM's relating to this over the weekend. 11. A 90% crash last happened at the time of great depression in U.S 12. There is no way we would fall another 90%. 13. We may fall but not 90%. 14. Nobody knows what will happen to markets today as you need to focus on good risk - reward areas to make money. 15. Why worry about what's going to happen in 2025. 16. 23500 is a resistance for Nifty. 17. We may witness some profit booking near those levels. 18. Closing above 23500 would open do...

Consolidation with Bullish Sentiment (14th June 2024)

1. U.S Markets closed mixed yesterday.  2. Nasdaq continues to outperform other indices. 3. Indian IT Stocks are still lagging behind. 4. Asian Markets are mixed. 5. Gift Nifty is indicating a flat opening. 6. Inflation in U.S as well as India has eased. 7. Inflation numbers reported in U.S were well below estimates. 8. India also the similar situation arose. 9. Central Banks commentary is a bit dowish. 10. This in turn , is in favour of the markets. 11. Both Nifty and Bank Nifty are in a Bullish zone. 12. The momentum has cooled off a bit. 13. This is because Volatility has dropped. 14. Markets are now trading within a low intraday range. 15. Expect the same to continue until Budget. 16. Post June expiry , all eyes would shift to the Union Bidget. 17. Even though any major changes ain't expected. 18. Large institutions would get an idea how this Govt would work in future. 19. 23500 is the next resistance for Nifty. 20. Nifty might trade between 23200 to 23500 today. 21...

Inflation Eases !! (13th June 2024)

1. U.S Markets closed higher yesterday.  2. Nasdaq is outperforming other indices. 3. Expect Indian IT Stocks also to come back strong.  4. IT , Chemicals & pharma have been lagging sectors in this Bull run 5. Expect Big money to shift into these sectors. 6. Inflation in U.S as well as India has eased. 7. Inflation numbers reported in U.S have been lower than expectations.  8. Indian Inflation numbers have been at an Yearly low. 9. Fed Commentary was important yesterday.  10. U.S Fed indicated that there would be a single rate cut in the current FY 11. Previously the projection was of 2 rate cuts. 12. All the Major World markets have been trading at all time highs. 13. India also isn't lagging behind. 14. We have been consolidating from last 3 days on index level. 15. The broader market has been outperforming.  16. That is where majority of the action is. 17. Expect the same to continue going forward. 18. When economy expands , smaller companies ...

Consolidation to Continue? (12th Jun 2024)

1. U.S Markets closed mixed yesterday. 2. S&P 500 closed flat,  dow closed slightly lower. 3. Nasdaq closed higher. 4. Right now , Dow futures are flat. 5. Gift Nifty is indicating a gap down of 50 points. 6. Yesterday,  the India VIX crashed 8-9%. 7. Now the VIX is in a comfortable zone below 15. 8. VIX below 15 indicates sustained bull Market. 9. From the past 2 days , Nifty is trading above 23300 until 2.30 PM 10. In the final hour , there is a sell off. 11. On the Index level there is consolidation.  12. Stocks level , midcaps and small caps are outperforming.  13. 23200 to 23400 is the range for Nifty currently. 14. Last 2 days this has been the trading range. 15. Bank Nifty also is in a consolidation zone. 16. All eyes now would be on the Union Budget. 17. The policies,  the framework that this Govt will bring will be a key to watch. 18. Until then there isn't any major event that can have big impact on the markets. 19. Nifty might trade be...

Consolidation!! (11th June 2024)

1. U.S Markets closed mixed yesterday. 2. U.S Futures are trading mixed right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. Yesterday the Ministries were announced. 6. It was much more on expected lines and there were no surprises. 7. For stock market perspective , the most important post is of Finance Minister. 8. This post now is continued by Nirmala Sitharaman.  9. There are sections of people who feel she is a good finance minister. 10. Others have different views. 11. Overall it's a mixed reaction from the Taxpayers. 12. Yesterday,  the major indices traded I'm green throughout the day. 13. Last hour there was profit booking. 14. Both indices closed almost at the lowest point of the day. 15. 23200 to 23400 is the current range for nifty 16. We are likely to have a flat day today as well 17. Volatility and intraday range of Nifty is getting lower. 18. Read a data that Retail have invested 31000 crore plus in May month. 19. Due to good ...

ECB Cuts Interest Rates !! (10th June 2024)

1. U.S Markets closed lower on Friday. 2. U.S Futures are trading mixed right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. RBI has kept the rates unchanged. 6. Good thing is it has raised its GDP guidance. 7. This will be a positive boost for the Markets. 8. Nifty all time high is 23300. 9. Friday we have closed exactly near this level. 10. Expect markets to consolidate near this level. 11. Next resistance will be at 23500 12. Many people are running behind political based stocks like heritage foods etc. 13. Also I'm receiving many DM's regarding the same. 14. Advice would be not to chase stocks based on political view. 15. Choose evergreen companies where no matter if external factors change, it won't effect the company. 16. Companies dependent on external factors should be avoided. 17. Those who have missed the rally have a good entry point near 23100-23200. 18. VIX is also near zone currently and is now below 18. 19. Nifty might tra...

VIX Finally below 18 !! (7th June 2024)

1. U.S Markets closed mixed Yesterday.  2. U.S Futures are trading flat right now. 3. Asian markets are mixed. 4. Global cues are mixed currently. 5. Big news is Bank of England has cut rate by 25 basis points. 6. This is the first rate cut in last 5 years by them. 7. This time they are advancing before FED. 8. Will FED cut the rate now is a matter of debate. 9. But I think FED and RBI will take some more time 10. Get a confirmation relating to Inflation etc and then cut the rates 11. Markets have been very volatile 12. Specially the last 1 month. 13. Volatility was it its peak. 14. Now VIX is below 18. 15. VIX below 18 indicates low Volatility and stability. 16. VIX below 15 is an ideal zone. 17. Expect markets to consolidate for a while now. 18. Now the focus will shift to Budget and next FM policies  19. FM here is Finance Minister. 20. If Nirmala Sitharaman gets elected again , markets wouldn't take it Positively. 21. Nifty might trade between 22600 to 23000 to...

Markets have Stabilized?? (6th June 2024)

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. Gift Nifty is up more than 150 Points. 6. Yesterday was again a big surprise. 7. Nifty had rallied 800 points Yesterday.  8. This was on BJP forming a Coilition Government.  9. If the King makers Chandra Babu Naidu & Nitish kumar joined Congress. 10. It wouldve been lower circuit. 11. Also , the Government has promised that the policies won't change. 12. They will consider nation first. 13. So markets taking that into stride. 14. Confidence is back into the investors. 15. VIX has reached 19 Yesterday.  16. VIX below 18 indicates prolonged Bull Market. 17. 21350 will be the bottom for 2024. 18. This has become a sureshot sign. 19. Nifty might trade between 22600 to 23000 today. 20.  stockmarketadvisory.in

BJP Falls short of Majority (5th June 2024)

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...

Show me a negative news? !! (3rd June 2024)

1.U.S Markets closed higher on Friday.  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 500 Points. 7. There is a list of Positive news. 8. Which one do you wish to hear first? 9. Ok let me start. 10. First the GDP at 8.2% is a fantastic growth by India. 11. This shows that we are the only Country who is growing and is capable of growing in future at this rate. 12. GST Collections at 1.73L crore. 13. Just previous FY , we had hit 1L crore collections. 14. Now we are on the way to 2L crore. 15. More GST collections implies higher growth in the economy etc. 16. Next is the Global sentiment has changed. 17. Dow has rallied more than 500 points on Friday.  18. FII's F&O Positions indicate the are hugely short on the markets. 19. Next,  the exit Poll survey which indicates that the present Govt is likely to...