Information -
Bull Run - India's market cap hits $ 3 Trillion.
$1 trillion - 29 May 2007
$ 2 trillion - 16 May 2017
$ 3 trillion - 24 May 2021
The last $1 trillion has come in 4 years - let's see how much time it takes for the next $1 trillion to grow.
Also, always note market has hit the next trillion mark always in May month.
Today post-market review -
1) Today market opened with a huge gap up.
2) On positive global cues sentiments.
3) SGX NIFTY was trading above 15300, before the market & was holding above till 1st half session.
4) NIFTY opened @ 15291, with yesterday's close of 15197. Had a huge volume opening.
5) Today NIFTY was a buying on every fall & was holding above 15250 in 1st session.
6) Today BANK NIFTY opened @ 35095, with yesterdays close of 34943. Had a flat opening.
7) BANK NIFTY was holding above 34500.
8) Profit booking was seen in BANK NIFTY of 600 points in 1st session from the days high made.
9) PHARMA SECTOR had a selling today.
10) AUTO SECTOR & FINANCIAL SECTOR was in the range-bound.
11) Today profit booking was seen at the last hour session, a huge selling was done by institutional.
12) NIFTY made a low of 15163 & recovered very fast, The market is @ Buy on every fall.
13) BANK NIFTY made a low of 34540 & recovery was very fast,
14) BANK NIFTY still holding 34287 levels, couldn't hold 34500 levels today.
15) BANK NIFTY will be weak only below 34287.
16) In the present scenario BANK NIFTY looks still bullish & volatile.
17) NIFTY is having less volatile, but opening daily gap up.
18) USDINR has become weak, the MAY month expiry will be in down pain.
19) Tomorrow ie. the 26th of MAY a day before expiry will be a volatile market.
20) On expiry ie. on 27th of MAY, The market will give both the side rally,
21) My views market may close on the upper end on the expiry day, to make a move for higher levels in JUNE month.
22) NIFTY had formed a DOJI day candle on 24th MAY, the low of DOJI candle 15145 below weakness will be seen in NIFTY, Interesting fact is NIFTY has opened today gap up above DOJI candle high 15256.
23) Interesting fact in BANK NIFTY 24th MAY DOJI candle low 34528 has broken today, need to wait & watch for tomorrow's opening.
24) Today's index candle resembles small pain @ downside.
25) NIFTY closed above 15200.
26) BANK NIFTY closed above 34700.
27) Today's Rocker of the day ASIAN PAINT, had suggested for intraday. Rallied from 2831 - 2922 = 91 points, above 4%.
28) This upcoming expiry will be interesting, it has weekly + monthly expiry.
