- Nifty has started falling. So now all analysts feel that that it will go lower and lower. That's how these analysts play.
- 12000 did play as a strong resistance. So some shorts at that level are playing well for me.
- Yesterday nifty fell 150 points and banknifty fell 340 points.
- The main dragger was Reliance.
- Yes bank closed in green. This is surprising.
- The US fed meet on Wednesday. So the effect on our markets will be on Thursday.
My trades
- The nifty has broken the 20DMA. So I expect some more downfall. Added more to the shorts which I had.
- I feel the nifty resistance will be around 11,650. I may do some bottom fishing at these levels.
International market
- Yesterday the US closed in green. Nasdaq made 0.5+% gain.
- Europe also closed in green.
- Today morning, Asia is mixed. Hangseng is in green and japan is in red.
- SGX suggests that we may open in a flat zone.
Crude and $
- Crude is again reaching $60. India's macro data will look good as long as crude is at these levels
- $ is now at 69.90.
- US Fed and budget in july will provide the next triggers for the movement of these.
FII and DII data
- Yesterday FII sold 331 cr and DII bought for 1257 cr.
- With FII selling so less, the markets fell 150 points.
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