- Trump Announced 2Trillion$ STIMULUS / relief package on the wake of Corona Virus.
- This has been the biggest STIMULUS Package announced till date for U.S Markets.
- Dow closed 2% higher Yesterday.
- All the World Markets seem to be in a Pullback phase including our Markets.
- Remember the Primary Trend is towards the Short side. What we are Witnessing now it just Pullback / Counter Rallys.
- This Pullback may last for some time now.
- Unless there is more Incremental bad news related to Corona Virus front I expect the Markets to be Rangebound & Consolidate.
- Today is Weekly Options Expiry and also Monthly Expiry for March Series.
- Expecting the Markets to Stabilise a bit from now & also expecting the VIX to reduce Significantly.
- SGX Nifty Indicating a Minor 50-70 point cut to begin with.
- The Big STIMULUS Package which got announced Yesterday Triggered a sharp rally Yesterday in our Markets as well.
- So there are high Expectations from our Government as well to Announced a good Relief package for the relief of Economy.
- Today I am Expecting the Markets to be Choppy and Consolidating.
- As there is an Expiry today & Premiums are quite high for both CE & PE expecting this could be a perfect day for Option Writers.
- So only for Intraday I will be doing only Option Writing today.
- Already have sold some far away Call Options 22000 & 23000 CE on Bank NIFTY& sitting on 90-95% Gains on them.
- For Option Buyers the advice would be to protect the Capital & even if you wanna take Positions it would be better not to trade on today's Expiry Options and trade on April Expiry Options as Premium decay won't be quick & time is in your Favour.
- It is also a good time to build Portfolio of FMCG , Consumption Stocks & Life Insurance stocks by deploying some Percentage of your Money.
- Nobody Knows when will we bottom Out & solve this problem so it is a good time to Accumulate stocks on every fall for Investors.
- Sold Axis Bank 600(Strike Price) April CE @7rs.
- IndusInd Bank 700(Strike Price) April CE @20rs.
- Views Expressed here are Personal & please refer to your Financial Advisor before entering a trade & Trade at your own risk.
- stockmarketadvisory.in
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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