- US markets closed 10% lower Yesterday during which the returns under Trump have become Negative for Dow.
- PM Narendra Modi to address Nation today at 8 pm.
- We have been Outperforming all Global Markets in terms of Underperformance as our Government is not providing any STIMULUS any relief etc.
- Crude Oil has dropped from 70$ to 20$. India is a Big Beneficiary as we are Importers of oil. Government should easily benefit the Citizens due to the same.
- SGX Nifty hit a high of 8477 today morning but now lost more than 300 points.
- Now SGX trading below 8200.
- Don't Buy , Don't Buy , Don't Buy. Saying this since Nifty was near 12000. Saying this now as well.
- Nothing matters in these Markets. No levels , No technical Analysis .
- Buying Options today would be very high risk. Premiums are already high plus today is Expiry , any short covering move will decay the Premiums very Quick.
- So today I am just going to sell Options. As time is in my Favour and this appears the best Instrument to trade in these sort of Markets.
- On the Days of Expiry there are Chances that Markets might Consolidate and keep chopping around. This would also lead to high Premium decay. So maintain caution while Trading today.
- High Quality Stocks are also coming under selling Pressure now. So Shorting Opportunities can be explored here as the fall might be more in coming days.
- One can consider buying Next Week Option Contracts (26th March) to trade as the Time is in your Favour without any Deadlines.
- Not Advisable to Trade in Futures Segment. Everything already trading at huge Discounts. No proper risk - reward visible there.
1. U.S Markets closed lower on Friday. 2. Dow Jones was flat. 3. Nasdaq was the underperformer. 4. Gift Nifty is down 30-40 Points. 5. Asian markets are mostly lower as well. 6. Friday the Nifty opened with a gap down of 200 points. 7. Within the next 10 minutes , Nifty recovered 100 points. 8. Bulls expected recovery is on the cards but Nifty started to Crack. 9. Bank Nifty was holding up Nifty for most of the while. 10. It couldn't be able to provide much of a support and Bank nifty also began to correct. 11. The issue now is market has had vertical rallies. 12. One way quick rallies so now the downfall will also be vertical. 13. When markets go up quick , they come down quicker. 14. Infy dragged the mood and also HUL didn't post extraordinary results so it was also a laggard. 15. Banks tried hard to hold the markets but couldn't. 16. Over the weekend , AU Bank and icici bank reported very good numbers. 17. These banks have already rallied a lot before results
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