Skip to main content

Posts

Showing posts from July, 2024

25k to be breached today? (31st July 24)

1. U.S Markets closed mixed Yesterday.  2. All the indices closed flat. 3. Right now , Dow Futures are lower. 4. Asian Markets are all higher. 5. All the Global Markets are in a consolidation phase. 6. Yesterday markets were trading normally till 3 pm. 7. There was severe profit booking post 3 pm. 8. Nifty almost closed at day low yesterday.  9. All the early gains were given up. 10. So markets currently are in a consolidation phase. 11. 24750 to 25000 is the range. 12. There are wild swings within this range. 13. Bank Nifty has its own Volatility. 14. It's even more Volatile than Nifty. 15. Sooner or later , Nifty could break 25k on the upside  16. Momentum is so strong currently on the higher side. 17. It's a buy on Dip market.  18. India VIX inched above 13 Yesterday.  19. Nifty might trade between 24800 to 25200 today. 20.  stockmarketadvisory.in

Reversal from 25k (30th July 24)

1. U.S Markets closed mixed Yesterday.  2. All the indices closed flat. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are in a consolidation phase. 6. Yesterday was an extreme volatile trading day. 7. Bank Nifty at a point of time was up 1000 points.  8. Then there was heavy profit booking and the 1000 point rally got wiped off. 9. Nifty as soon as it went close to 25k there was heavy profit booking. 10. Markets right now wish to consolidate.  11. Markets are waiting for a trigger to cross 25k. 12. 24750 is the immediate support on Nifty.  13. 25000 is the resistance.  14. Expect Nifty to be volatile within this range. 15. Bank Nifty could be even more Volatile than Nifty. 16. Do not chase the markets & look to build positions on dips. 17. It's a buy on Dip market.  18. India VIX inched above 13 Yesterday.  19. Nifty might trade between 24800 to 25200 today. 20.  stockmarketadvisory.in

Gift Nifty above 25k !! (29th July 24)

1. U.S Markets closed higher on Friday. 2. All the indices closed higher. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are in a rally mode. 6. Friday was an amazing rally for our Markets. 7. Nifty which was underperforming Mid & Small caps finally started to perform. 8. We had closed just near all time highs on Friday. 9. Big Breakouts majorly happen with gap ups. 10. Big players do not want us to make money. 11. So they do not give a clear Intraday signal. 12. There are many traders who have carried shorts on Friday.  13. Thinking that there would be a reversal closer to all time highs. 14. All these people will be trapped today. 15. We do not know where this trend would end. 16. What we know is it's wise just to follow the trend and go with the momentum. 17. It's a buy on Dip market. 18. Bank Nifty is giving signs of bottoming out. 19. 50k is a big support and on Friday there was a reversal from this zone. 2

Welcome August !! (26th July 2024)

1. U.S Markets closed mixed Yesterday. 2. S&P 500 and Nasdaq closed lower whereas Dow closed higher. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. Looks like global Markets are finally recovering from the Doldrums of IT major results. 6. Indian Markets , apart from Banks are in a strong momentum. 7. Banks are facing issues of their own. 8. Bank Nifty is leading the underperformance  9. Large banks are facing deposit growth because smaller players are taking away small share of them. 10. Hdfc bank , Kotak Bank , Axis Bank etc all have reported low deposit growth. 11. On the other hand AU Small finance bank posted amazing set of numbers  12. This Is a market which is divided currently. 13. Some companies have been posting exceptional results whereas some are dull. 14. You need to invest in the good ones to make money  15. Nifty immediate resistance is 24500 , once 24500 is crossed , I do not see any resistance upto 24800. 16. So the momentum i

Bloodbath in U.S Markets!! (25th July 24)

1. U.S Markets crashed Yesterday.  2. All the indices closed lower. 3. Nasdaq was down more than 3% , S&P 500 down more than 2% and Dow about a percent. 4. U.S VIX jumped 20% Yesterday  5. This shows the fear prevailing in the markets. 6. All this is because of poor numbers reported by Tesla 7. Gift Nifty is down more than 200 points. 8. We are likely to open near 24200 9. Straight away we are going to open near support levels. 10. 24200-24100 & 24000 are very important support levels.  11. This market is showing signs of correction. 12. Specially,  the largecaps. 13. The budget low of 24070 is a massive support. 14. Once 24k breaks , we would be headed towards 23800. 15. Today is expiry too , so expiry related issues might creep in. 16. Expecting first half to be volatile. 17. 2nd half we might witness some recovery.  18. 24000 is a very crutial support and 24500 the resistance. 19. Nifty might trade between 24000 to 24400 today. 20.  stockmarketadvisory.in

Analysing the Budget !! (24th July 2024)

1. U.S Markets closed lower Yesterday.  2. All the indices closed lower. 3. Right now U.S Futures are mixed. 4. Asian Markets are mostly lower. 5. Gift Nifty is down 50 Points. 6. We may open close to 24400 today. 7. Yesterday's Budget was a very much unexpected Budget. 8. Reason is that it had come with many many changes. 9. Nobody had expected so many changes in the Union Budget so soon 10. There was a pic getting viral on the Internet that SEBI Chief had met FM and expressed concern over rising F&O Volumes. 11. Our FM knows just one thing , where ever there is a problem just increase the tax it would go away. 12. The logic would have said to terminate weekly and everyday expiries. 13. Have only weekly expiry on Nifty / Bank Nifty and have monthly expiry in others. 14. But the FM isn't acting like a Finance Minister she is acting like a Revenue Minister and wherever there are issues tax is being increased. 15. This isn't the way problems shouldn't be a

Banks Post Great Results!! (22nd July 2024)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. It was like a mini crash. 4. Right now U.S Futures are mixed. 5. Asian Markets are mixed. 6. Gift Nifty is down 150 Points. 7. We may open close to 24400 today. 8. Kotak & HDFC Bank have delivered great numbers over the weekend.  9. Bank Nifty is expected to outperform Nifty. 10. Another major news is Joe Biden quits. 11. He opts out of Presidential race. 12. This could be a clean sweep for Donald Trump this time around  13. Tomorrow there would be a full budget which would be delivered  14. Markets are awaiting the same and that will decide the next course of action 15. Friday was a brutal correction day specially in mid & Small cap stocks. 16. Some form of caution before the Budget is always good while entering into a Big event 17. 24400 and 24150 are good support levels for Nifty. 18. 52k is a good support on Bank Nifty to enter. 19. Nifty might trade between 24300 to 24600 today. 20.  sto

Consolidation!! (18th July 2024)

1. U.S Markets closed higher on Tuesday. 2. All the indices closed higher.  3. Yesterday it closed lower. 4. Net - Net in last 2 days it was flat. 5. This is just Volatility & Uncertainty in the Global Markets.  6. U.S Futures are higher right now. 7. Gift Nifty is slightly lower right now. 8. Indian Markets on the other hand are in a consolidation phase. 9. Bank Nifty looks weak. 10. Nifty seems a bit positive. 11. It's better to buy on dips than chase this market now. 12. We are approaching the Budget and Markets are at all time highs. 13. One negative news can easily lead to a 4-5% fall in Markets. 14. Analysing the results upto now , Largecaps have not done that well. 15. Midcaps and smallcaps have been posting better results than largecaps. 16. 24450 -24500 is a good support level on Nifty to enter. 17. 52k is a good support level on Bank Nifty to enter. 18. Markets lack steam on the upside. 19. Nifty might trade between 24400 to 24700 today. 20.  stockmarketad

Global Markets rally !!! (16th July 2024)

1. U.S Markets closed higher Yesterday 2. All the indices closed higher.  3. U.S Futures are higher right now. 4. Gift Nifty is higher by 50+ Points. 5. Asian Markets are higher right now.  6. U.S Markets are on fire right now. 7. There has been a continuous rally there. 8. This rally has got steam due to the expectation of Trump winning the elections. 9. There was an assassination attempt on Donald Trump over the weekend. 10. Luckily,  he was saved. 11. The way he bounced back immediately made him a hero. 12. He was already leading the race even before the attempt as per Many news reports. 13. Trump coming back to power is positive for stock market. 14. He is a no nonsense person who just craves for growth of the nation.  15. As he is also a business person , he knows what it takes to build the nation. 16. Indian Markets too are on a rally and there are no signs of reversal yet. 17. 24450 -24500 is a good support level on Nifty to enter. 18. 52k is a good support level on

IT Stocks to lead Nifty? (15th July 2024)

1. U.S Markets closed higher Yesterday 2. All the indices closed higher.  3. U.S Futures are higher right now. 4. Gift Nifty is higher by 60+ Points. 5. Asian Markets are higher right now.  6. Friday was the day of IT Stocks 7. All the IT companies were significantly higher. 8. This was on the back of TCS results. 9. IT is one of the few sectors that hasn't participated in this Bull market.  10. It has been a laggard 11. As long as IT is doing well,  Nifty would be higher.  12. Until now, the earnings season has been good. 13. There hasn't been any major disappointment.  14. Expect markets to trade in a range 15.  Majority of the froth still exists in the market. 16. My expectation is that before the budget we might correct 3-5% on major indices & Post budget we might recover 17. 2nd alternative is before the budget we rally on the back of expectations from the Budget. 18. Once budget is out we will witness significant correction if those expectations are not me

Earnings Reaction? (12th July 2024)

1. U.S Markets closed lower yesterday.  2. Dow Jones closed slightly higher , S&P 500 & Nasdaq however cracked. 3. U.S Futures are higher right now. 4. Gift Nifty is higher by 40+ Points. 5. Asian Markets are higher. 6. Yesterday was a ranging expiry. 7. There has been a good consolidation in the past 1 week. 8. Good Consolidation was actually the need of the hour for markers. 9. This was because in the Month of June , we had rallied a lot. 10. There has been some correction in few stocks,  few stocks have witnessed 52 week highs. 11. There is clearly distribution across stocks. 12. Few mid & Small caps are quoting at unrealistic valuations. 13. There are also pockets of opportunities if scrutinized well. 14. Overall it's a good proper market with the froth being lowered a bit. 15. Majority of the froth still exists in the market. 16. My expectation is that before the budget we might correct 3-5% on major indices & Post budget we might recover 17. 2nd al

Correction or Trend Reversal? (11th July 2024)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. U.S Futures are flat right now. 4. Gift Nifty is higher by 40+ Points. 5. Asian Markets are higher. 6. Yesterday was a high volatile day. 7. In Last 2 weeks , there was a first significant correction yesterday.  8. Correction wasn't only in Major indices , but also in Mid & Small caps. 9. We are about to face a big event which is the Budget. 10. This event has the chance to move markets by 5-7% either ways. 11. There has been rumours floating around that Capital gains tax might be tinkered. 12. I think if Govt wants to Curb F&O trading , they might increase STCG. 13. LTCG at max they might not give the 1L exemption limit. 14. Seeing the current situation, Coilition Govt, higher revenues generated from tax etc these seem less likely. 15. Larger range for Nifty is 24150 to 24500. 16. Nifty took support exactly near 24150 yesterday.  17. Markets are expected to consolidate within a range.

Results season kicks off !! (10th July 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed lower whereas S&P 500 and Nasdaq closed higher. 3. U.S Futures are mixed right now. 4. Gift Nifty is flat. 5. Asian Markets are higher. 6. All the World Markets are in a consolidation trend now. 7. Our Markets are on a non stop rally & nobody knows when this will end. 8. Now markets are more of in a Euphoria state. 9. Post elections , markets have delivered amazing returns. 10. Before a big event like Budget,  it's better we cool down a bit. 11. Having heavy expectations from the Budget might lead to disappointment  12. Then there might be some violent reaction in the Markets. 13. It's always better we brace ourselves for uncertainty  14. Ever since the Budget dates have been announced,  India VIX is up 10%. 15. Expect it to more higher close to 18 levels before the Budget. 16. We are at an overbought zone so caution is advised.  17. Do not chase the Market , buy the dips to go long. 18. Markets wil

Consolidation !! (9th July 2024)

1. U.S Markets closed mixed yesterday.  2. Dow Jones closed lower whereas S&P 500 and Nasdaq closed higher. 3. U.S Futures are higher right now. 4. Gift Nifty is flat. 5. Asian Markets are higher. 6. Yesterday was a consolidation day for the markets.  7. Nifty was consolidating without a 100 point range throughout the day. 8. Bank Nifty was highly Volatile.  9. Bank Nifty was moving 200 points within a span of 5 Minutes. 10. Banking stocks were under pressure Yesterday.  11. This was majorly due to poor guidance by HDFC Bank. 12. India VIX was up 7% Yesterday.  13. VIX going up in a Consolidation market is rare. 14. This might be due to the announcement of Budget on 23rd July. 15. Right now the market situation can be described in this way. 16. Liquidity would not let you fall and earnings cannot let your rise. 17. Do not expect any major moves until the Budget gets announced. 18. Budget would decide the next move on the markets. 19. Nifty might trade between 24150 to 2

Consolidation with Volatility !! (8th July 2024)

1. U.S Markets closed higher on Friday. 2. Dow Futures are higher right now 3. Gift Nifty is indicating a gap down of 30+ Points. 4. Asian Markets are higher. 5. Friday was consolidating day for the markets.  6. Markets were consolidating for most of the day  7. Last 45 minutes there was a massive upswing on Nifty.  8. This move had come out of nowhere 9. I had researched for any news etc which may have come by. 10. Also tried to notice option chain , open interest etc. 11. Couldn't find anything extraordinary.  12. Nifty is quite Bullish right now. 13. HDFC Bank is under pressure so Bank Nifty is under pressure.  14. The larger range for Nifty is 24000-24500. 15. Expect Nifty to trade within this range for most of this expiry. 16. We have rallied almost 3k points from election lows & it was a one way rally. 17. Long term Bull Market is intact , there's only a short term froth being built 18. Keep your return expectations in check and purchase fundamentally soun

Froth Developing in Markets? (4th July 2024)

1. U.S Markets closed mixed Yesterday.  2. Yesterday the U.S Markets were open just for half day. 3. Gift Nifty is indicating a gap up of 80+ Points. 4. Asian Markets are higher. 5. U.S Markets will be closed today. 6. So there are no major Global cues right now. 7. Yesterday HDFC bank was the most discussed stock. 8. Stock hit its 52 week high.  9. I suggest it's time to be a bit cautious. 10. Markets have run up too fast too quick. 11. There needs to be a dip or consolidation.  12. One way rally is bad for markets. 13. Froth gets developed. 14. Excessive Valuations and over leverage is dangerous.  15. A correction of 2-3% on indices and 5-10% on individual stocks cannot be ruled out. 16. Right now all are enjoying this rally. 17. Long term Bull Market is intact , there's only a short term froth being built 18. Keep your return expectations in check and purchase fundamentally sound companies. 19. Nifty might trade between 24150 to 24400 today. 20.  stockmarketadvis

HDFC Bank to get Huge inflows !! (3rd July 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Gift Nifty is indicating a gap up of 80+ Points. 4. Asian Markets are higher. 5. Dow Futures are slightly lower right now. 6. Stock in the news is Tesla,  due to its sales rise the stock is up 10%. 7. Yesterday again it was a day of Consolidation  8. NIFTY Consolidatedt within 24k-24.2k. 9. Advance - Decline ratio was almost equal Yesterday.  10. Though the Bank Nifty was down Yesterday,  HDFC Bank outperformed. 11. So it was a concentrated market yesterday.  12. Now,  listening to many people and talking to them , the return expectations have severely increased. 13. People are expecting 40-50% per annum returns from Equity now. 14. Anything below that is considered as trash. 15. Those who have been in markets pre -covid are very much matured and know what to expect. 16. Those who entered during Covid have seen only bull phase. 17. They haven't seen large consolidations are lengthy Bear Market

Markets bouncing from Support (2nd July 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Gift Nifty is indicating a gap up of 40+ Points. 4. Asian Markets are higher. 5. We have consolidated on Friday.  6. Yesterday , Nifty tested 24k and then bounced back sharply. 7. Dow Futures are lower right now. 8. 24k is a good support for Nifty for now. 9. The good thing about Yesterday's rally was it was a broad based rally. 10. Mid and small caps too participated in the rally. 11. Advance - Decline ratio was very much in favour of advances. 12. Unlike in June last week where mid and small caps weren't participating. 13. Largecaps of Nifty were going higher. 14. The only concern right now is Nifty has rallied one way from the Election lows of 21300 15. There has not been any correction in between. 16. Yes we have had some consolidation but no meaningful correction. 17. Also the thing is in trading do not apply brains and just follow market. 18. Follow the trend unless we find signs of

July starting on a flat note !! (1st July 2024)

1. U.S Markets closed lower on Friday. 2. All the indices closed slightly lower. 3. Gift Nifty is indicating a flat opening. 4. Asian Markets are mixed. 5. We have consolidated on Friday.  6. Markets opened on a Bullish note traded higher all the day. 7. At last , there was heavy profit booking. 8. All the gains were wiped out on Nifty and markets closed flat. 9. Markets are still Bullish. 10. The pace of the market going up won't ne the same as before. 11. The pace will reduce. 12. Reliance has already made a fresh high 13. Hdfc bank should be the next. 14. HDFC bank might consolidate for a while before it finally crosses 1750 which is its all time high. 15. India VIX is expected to reach 12 in coming days 16. This might further erode the option premiums. 17. Also a short term small consolidation will make the markets settle. 18. Then we could be ripe for the upmove. 19. One way move is also not good for the markets. 20. Nifty might trade between 23900 to 24200 today.