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Showing posts from August, 2024

Hello September !! (30th Aug 24)

1. U.S Markets closed mixed yesterday  2. Nasdaq & S&P 500 closed flat whereas Dow closed higher. 3. Dow futures are higher right now. 4. Asian markets are mostly higher. 5. Gift Nifty is indicating a gap up of 30-40 points. 6. Last 2-3 trading sessions , major indices are closing positive but the broader market is feeling the pain. 7. Yesterday too the advance - decline ratio was in favour of declines. 8. Handful of largecap stocks are keeping the market higher and rest there is profit booking  9. Also there was huge Volatility yesterday.  10. Post 2.30 pm , Nifty was making 100 points up or down more in a span of 2-3 minutes. 11. Expect Volatility to reduce a bit. 12. This is a slow market. 13. This market will test your patience and give you money. 14. Money making would be a slow process than before. 15. 25k is a very important support now on Nifty. 16. As long as this holds , the view is positive & it's a buy on Dip market. 17. If this breaks decisively

Nvidia Disappoints !! (29th Aug 24)

1. U.S Markets closed lower yesterday  2. All the indices closed lower. 3. Dow futures are higher right now. 4. Asian markets are mixed. 5. Gift Nifty is indicating a slight gap down opening. 6. Yesterday Nifty crossed all time high. 7. However this time the excitement is not this much as yesterday broader market was flat. 8. This is a flat market. 9. Market is flat since a week now. 10. Nvidia lowered its guidance yesterday and stock is down 7% in pre market. 11. Because of that Nasdaq is underperforming right now. 12. Indian IT Stocks are in a great bull run right now. 13. All the defensive sectors are performing well right now  14. All the sectors that gave performed in this bull market have taken a back seat. 15. Today 25000 PE has highest open interest. 16. Most likely , this should act as a great support for the day  17. If this breaks decisively , then there might be more downside. 18. Bank Nifty is likely to outperform today. 20. Nifty might trade between 24850 to 2

Consolidation ahead? (28th Aug 24)

1. U.S Markets closed mixed yesterday.  2. All the indices closed mixed. 3. Dow futures are flat right now. 4. Asian markets are majorly lower. 5. Gift Nifty is indicating a flat opening. 6. Yesterday was again a very flat trading day. 7. There was hardly any intraday move throughout.  8. It was flat throughout the day 9. 25k to 25100 is the range currently now for Nifty. 10. Nifty is trading within this range since last 2 trading sessions.  11. Another important stuff is that today is Wednesday  12. Wednesdays are generally volatile trading days. 13. As pee the past data. 14. This is a buy on Dip market. 15. There is more Steam left in the markets. 16. There are no signs of reversal yet. 17. Yesterday I gave a hint for a closing above 25k and markets behaved exactly the same. 18. I expect markets to go higher before rate cut & on the day of rate cut markets might top out. 19. This is classic buy on rumour , sell on news situation. 20. Nifty might trade between 24850 to

Consolidation? (27th Aug 24)

1. U.S Markets closed lower Yesterday. 2. All the indices closed lower. 3. Dow futures are flat right now. 4. Asian markets are mixed. 5. Gift Nifty is down 20-30 Points. 6. So Yesterday was a very good closing for the Bulls. 7. Nifty closed above 25k. 8. This is the second highest closing for nifty upto now. 9. First highest closing would be if Nifty closes above 25100. 10. This is a proper Bull Market.  11. Sector rotation has been happening in these markets. 12. Some day a set of stocks go up , other days some other set of stocks go higher. 13. Proper churning & sector rotation has been happening here. 14. Expect the same to continue for a while now. 15. There is more Steam left in the markets. 16. There are no signs of reversal yet. 17. Yesterday I gave a hint for a closing above 25k and markets behaved exactly the same. 18. I expect markets to go higher before rate cut & on the day of rate cut markets might top out. 19. This is classic buy on rumour , sell on n

Nifty @25k today? (26th Aug 24)

1. U.S Markets closed higher Yesterday. 2. All the indices closed higher. 3. Dow futures are trading higher right now. 4. U.S VIX closed below 16 on Friday. 5. U.S Markets are just half a percent away from all time highs. 6. We are also closer to all time high. 7. It's a clear buy on Dip market. 8. Our Markets gave been consolidating for last 3-4 days now. 9. This is a good sign as it forms a base in the market. 10. With that base , we can gradually head higher. 11. 25100 is now an immediate resistance on Nifty. 12. Markets might find it difficult to cross this expiry. 13. 24700 is now a good support on Nifty. 14. Most Important point right now is Bank Nifty should also join the party for Nifty to head higher. 15. Without the support of Bank Nifty , Nifty cannot sustain momentum.  16. Macro tensions also have eased up. 17. Now a rate cut is certain in September.  18. I expect markets to go higher before rate cut & on the day of rate cut markets might top out. 19. Th

Final week of August !! (23th Aug 24)

1. U.S Markets closed lower Yesterday. 2. All the indices closed lower. 3. Dow futures are trading higher right now. 4. U.S VIX closed above 17 Yesterday. 5. Yesterday was a very flat expiry day. 6. Nifty traded within 50 point range throughout. 7. Bank Nifty traded within 200 point range throughout.  8. It was a nothing day as far as Markets are concerned. 9. Expect consolidation to continue for a while now. 10. There are no major news in the market now. 11. All results have also come out. 12. So markets are expected to consolidate & trade with a slight Bullish bias. 13. There was some profit booking in U.S Markets yesterday.  14. It was not a trend reversal. 15. Trend reversal hasn't confirmed yet. 16. We might consolidate for a while before crossing 25k. 17. Unless some Macro tension pops up , I believe we will cross ATH this time. 18. 23900 is a bottom now for Nifty and it's a buy on Dip market. 19. Bank Nifty traded in the range which I had said yesterday. 

Bank Nifty to join the Party? (22nd Aug 24)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Dow futures are trading slightly lower right now. 4. U.S VIX was flat yesterday  5. Yesterday was a positive day for our Markets. 6. Nifty was trading in green throughout the day. 7. There were some dips intraday on Nifty but they were immediately bought into. 8. This shows the strength of the markets. 9. Bank Nifty however was mostly lower throughout the day. 10. It may be due to expiry related issues etc. 11. Post 2.30 pm , there was a huge short covering in Bank Nifty.  12. Bank Nifty rallied almost 400 points and closed flat  13. U.S Markets are just a percent away from ATH (All time highs) 14. Indian Markets are almost the same  15. We might consolidate for a while before crossing 25k. 16. Unless some Macro tension pops up , I believe we will cross ATH this time. 17. 23900 is a bottom now for Nifty and it's a buy on Dip market. 18. Bank Nifty traded in the range which I had said yesterday

Momentum to Continue ? (21st Aug 24)

1. U.S Markets closed mixed yesterday.  2. All the indices closed flat. 3. Dow futures are trading flat. 4. U.S VIX jumped 8% Yesterday.  5. Yesterday was a positive day for our Markets. 6. Nifty traded higher throughout the day. 7. Nifty Bank also joined the party. 8. Nifty Bank was the outperformer. 9. Mid & Small caps also shined yesterday.  10. U.S Markets are consolidating close to all time highs. 11. We are also close to all time highs currently. 12. It is now a buy on Dip market. 13. 24400 is a good support now for our Markets. 14. Next resistance now is at 24800 15. Once 24650 is crossed , we would be heading towards 24800 and then 25k. 16. It's going to be a slow and steady ride. 17. 23900 is a bottom now for the short term. 18. Nifty might trade between 24600 to 24900 today. 19. Bank Nifty might trade between 50500 to 51350 yesterday.  20.  stockmarketadvisory.in

U.S FED Comments !! (20th Aug 2024)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Dow futures are trading higher right now. 4. U.S VIX is now below 15. 5. This is a very good sign and VIX below 15 indicates stability and continuity of Bull Markets. 6. Yesterday was a ranging day for our Markets. 7. Nifty traded within 100 point range. 8. Nifty Bank was the underperformer.  9. Mid & Small caps were the outperformers Yesterday.  10. Expect this to continue for some time now. 11. It is now a buy on Dip market. 12. Yesterday there were comments that U.S is out of recession. 13. Recession fears have clearly subsided now  14. 24400 is a good support now for our Markets. 15. Next resistance now is at 24650. 16. Once 24650 is crossed , we would be heading towards 24800 and then 25k. 17. It's going to be a slow and steady ride. 18. 23900 is a bottom now for the short term. 19. Nifty might trade between 24500 to 24800 today. 20.  stockmarketadvisory.in

Rate cut in September? (19th Aug 24)

1. U.S Markets closed higher on Friday. 2. All the indices closed higher. 3. Dow futures are trading higher right now. 4. U.S VIX is now below 15. 5. This is a very good sign  6. This indicates stable markets and lower Volatility.  7. Gift Nifty is up more than 120 points. 8. We are about to open with a big gap up today. 9. Friday was a Volatile trading day. 10. Nifty opened 300+ Points higher exactly near 24400. 11. Then it started to sell off and came towards 24200. 12. There was a recovery then and Nifty crossed 24400. 13. Once Nifty crossed 24400, there was no looking back then. 14. There was a big short covering rally. 15. Nifty then closed at the highest point of the day. 16. August month has been largely Volatile. 17. Now 24400 is a very important support level. 18. 23900 is a bottom for short term. 19. Nifty might trade between 24500 to 24800 today. 20.  stockmarketadvisory.in

U.S VIX below 15 !! (16th Aug 24)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Also , U.S Markets rallied on Wednesday too. 4. Last 2 trading sessions , Dow , S&P 500 and Nasdaq are up 2-3% 5. This is on the back of Lower than expected Inflation numbers. 6. Right now , Dow Futures are slightly higher. 7. U.S VIX has crushed below 15 now. 8. Gift Nifty is indicating a gap up of 170 points. 9. Will this gap up sustain is the most important Question to be addressed today. 10. Indian Markets are under pressure since the beginning of August. 11. We have not been able to close above 24400. 12. There's a lot of inherent weakness in the markets. 13. India VIX is also likely to go down below 15 levels. 14. Markets are not out of the woods and you should not hurry up in going all in. 15. Still there's no complete reversal yet. 16. Hdfc bank & Bank nifty both are near crutial support levels currently. 17. 49600-49500 is the final support zone for Bank Nifty.  18. Nifty

Lower than Expected U.S Inflation (14th Aug 24)

1. U.S Markets closed higher Yesterday.  2. All the indices closed higher. 3. Right now , Dow Futures are flat. 4. Asian Markets are mostly higher. 5. Gift Nifty is indicating a gap up opening of 30-40 Points. 6. Yesterday was a highly Volatile day for the market 7. We opened almost flat. 8. There was a consolidation in the first half. 9. In the 2nd half there was huge profit booking. 10. Nifty closed at the lowest point of the day. 11. The major reason of this fall is due to HDFC Bank. 12. HDFC Bank fell 3% Yesterday because of MSCI rebalancing issue. 13. Hdfc bank alone contributed 400 point fall in Bank Nifty and 100 point fall in Nifty. 14. Hdfc bank & Bank nifty both are near crutial support levels currently. 15. 49600-49500 is the final support zone for Bank Nifty.  16. Nifty range is 24000 to 24500. 17. Nifty is trading with high Volatility in this range. 18. U.S VIX crashed 12% Yesterday and closed below 19 which is a good sign. 19. There was huge Call writing y

Jittery Markets !! (13th Aug 24)

1. U.S Markets closed mixed Yesterday.  2. All the indices closed flat. 3. Right now , Dow Futures are slightly higher. 4. Asian Markets are mostly higher. 5. Gift Nifty is indicating a flat opening. 6. Over the weekend,  there was lot of Drama over the Hindenberg report. 7. Yesterday there was a panic because of the report for first hour and then Markets were stable. 8. So clearly Markets have moved ahead now. 9. Secondly , markets appear indecisive currently. 10. Markets are trading with heavy Volatility within a Range. 11. Yesterday our Inflation numbers were released and they came in at below estimates. 12. It was expected around 3.7 but it came around at 3.58. 13. This is a positive trigger for our Markets as lower Inflation could ensure a faster rate cut. 14. Markets are waiting for the Inflation numbers to be released from U.S Tomorrow.  15. Thats why Markets are Jittery currently. 16. I also expect markets to be Jittery until Inflation numbers Tomorrow.  17. 24200 t

Markets don't react on similar news twice !! (12th Aug 24)

1. U.S Markets closed higher on Friday. 2. All the indices closed higher. 3. Right now , Dow Futures are slightly lower. 4. Asian Markets are mostly higher. 5. Gift Nifty is indicating a flat opening. 6. There was a lot of Drama over the weekend. 7. If you remember,  about 16-20 months ago a research company published a report on Adani group. 8. The report mentioned that Adani group has been manipulating their stock prices. 9. This led to a significant fall in all the Adani group stocks 10. Most of them fell by 30-50% and also it dented the market sentiment. 11. Same research company over the weekend accused SEBI Chairman 12. There were many clarifications on weekend from all the parties that were accused in the report. 13. It was all a Drama that is most likely to have zero impact on the Markets. 14. Also I feel it's an attempt to make Indian Investors afraid and pull out of markets so that big chunk of stocks go to big people at peanut prices  15. Almost everyone now

Global Markets Recover !! (9th Aug 24)

1. U.S Markets closed higher yesterday.  2. All the indices closed higher. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. There was heavy Volatility in our Markets yesterday.  6. Markets were all over the place. 7. Nifty was trading in between 24150 to 24350 with huge Volatility.  8. The current nifty range is 23900 to 24400. 9. Once nifty crosses 24400 , we can expect further momentum.  10. Yesterday was the RBI meeting & they did not change anything.  11. It was a status Quo policy. 12. This event also created some Volatility yesterday.  13. Now we are going to open exactly near resistance.  14. The level of 24400 15. Closing above this level would be crutial for today. 16. U.S VIX crashed 12% Yesterday and is firmly below 25. 17. This is a very good sign. 18. One can consider momentum in the markets when Nifty crosses 24400. 19. Until then it's a ranging market and the range is 23900 to 24400. 20. Nifty might trade between 24150 to 245

Expiry day Plan !! (8th Aug 24)

1. U.S Markets closed lower yesterday.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. Yesterday , U. S markers were trading firmly in green in 1st half  6. There was a sudden selling in the 2nd half. 7 . U.S Markets closed at the lowest point of the day yesterday.  8. Yesterday was a very good day for our Markets 9. There was an all round participation from all the sectors. 10. It was a broad based rally. 11. These type of rallies show the strength of the markets.  12. Today there are 2 important levels on Nifty. 13. First is 24200 which is an important support for the day. 14. Second is 24400 which is the resistance. 15. Markets have not been able to cross the above level. 16. I sense that it's a matter of time before we cross 24400. 17. Lower end support is 23900. 18. Nifty is trading with huge Volatility in this range. 19. One can consider momentum in the markets when Nifty crosses 24400. 20. Nifty might t

Some Relief !! (7th Aug 24)

1. U.S Markets closed higher yesterday  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 Positive right now. 6. There is some extreme Volatility in all the Global Markets. 7. Tokyo Markets fell 12% in a day and the next day it was up again 12%. 8. This is some Gut wrenching Volatility.  9. The good news is U.S VIX fell 35% Yesterday.  10. So the Volatility is reducing compared to previous trading sessions. 11. Yesterday was the first time in many many months I have seen selling on screen. 12. We have seen markets open lower & recover. 13. What we haven't seen is markets open higher and then there was a sell off. 14. This clearly shows that Blindly buying the dip won't work now. 15. Need to be very careful & selective in placing trades. 16. Expect India VIX to go below 16 today. 17. India VIX below 15 is a safe zone to be as it indicates lower Volatility & stability.  1

Global Shock !! (6th August 24)

1. U.S Markets closed lower YESTERDAY.  2. All the indices closed lower. 3. Right now , Dow Futures are higher. 4. Asian Markets are all higher. 5. All the Global Markets are Positive right now. 6. Last 3 days , there has been a flash crash in all the Global Markets. 7. There was a Mayhem specially in the Japanese Markets. 8. Japan had hiked the interest rate after 15 long years due to which their currency depreciated and it caused a 20,% fall in Japanese markets. 9. There are warnings of U.S recession post the Jobs data report. 10. Israel - Iran war has been taken escalation.  11. All these news have spooked the Global Markets.  12. U.S VIX jumped 400% in last 4 trading sessions. 13. India VIX jumped 50% Yesterday.  14. Although it doesn't impact us at all  , it's the nature of markets to react on news. 15. Right now , Nikkei the Japanese index has opened positive  16. 24000-23850 is a very strong and final support. 17. I expect yesterday's low to the low for A

Global Markets Mayhem !! (5th Aug 24)

1. U.S Markets closed lower on Friday. 2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. From Thursday to Monday Morning , U.S Markets have crashed more than 6%. 7. This is a terrible & an Alarming fall. 8. U.S VIX jumped another more than 20% on Friday. 9. This is the fearful data point. 10. Reason for all this is because of Geopolitical conflicts. 11. Iran - Israel tensions. 12. Japan currency depreciation etc. 13. All this is leading to a flash crash in the Markets. 14. 24500-24400 is a crutial support for nifty. 15. We are likely to open closer to these levels as per Gift Nifty. 16. First hour is the key today. 17. If we do not break the first hour low throughout the day then we might expect a reversal. 18. A further correction may be expected if the first hour low gets taken out. 19. Nifty might trade between 24300 to 24700 today. 20.  stockmarketadvisory.in

Global Markets Crack !! (2nd August 24)

1. U.S Markets crashed Yesterday.  2. All the indices closed lower. 3. Right now , Dow Futures are lower. 4. Asian Markets are all lower. 5. All the Global Markets are Negative today. 6. This is because largecaps have been subpar. 7. Gift Nifty is down 250+ Points. 8. We are likely to open near 24750 - 24800 today. 9. This is the support level and lower end of the range. 10. We have been trading in a tight range since many days. 11. The range is 24750 to 25000. 12. Within this range , markets were choppy 13. It's a buying opportunity near the open. 14. As long as we don't close below 24750 , the view remains of buy on Dip. 15. U.S VIX jumped more than 10% yesterday  16. It's a dip and not the trend reversal. 17. It's a buy on Dip market.  18. India VIX inched above 13 Yesterday.  19. Nifty might trade between 24750 to 25100 today. 20.  stockmarketadvisory.in

25k on Radar !! (1st August 24)

1. U.S Markets closed higher Yesterday.  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 Positive today. 6. Another good thing that has happened is that U.S VIX crashed 8% Yesterday. 7. Expect India VIX to close below 13 today. 8. Yesterday was a quite day. 9. Markets were trading normally within a range. 10. Last 3 days , Nifty has been trading within 24750 to 25000 levels. 11. Good consolidation is on in the past 3 days. 12. Now , if 25k is breached on the upside , we can expect a 100-200 points quick rally. 13. For this to happen , Bank Nifty should also join the party. 14. Without the support of Bank Nifty,  Nifty cannot cross 25k. 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.  stock