- 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 higher on Friday. 2. Right now , dow futures are lower. 3. Asian markets are mixed. 4. SGX Nifty is up 30-50 Points. 5. There's no point discussing Global markets today. 6. As we are dealing with our own local issues as of now. 7. The talk of the town is Adani Group. 8. Every stock Market participant during last 2 days have not spent as much time with their wife /gf /husband /bf as they have spent on researching Adani stocks. 9. They shouldn't have wasted so much time in research and should've spent their time with loved ones. 10. As Ultimately my Pre Market report would clear all. 11. Now , the Adani stock price has gone below the FPO price. 12. FPO price is in the range of 3100-3200 and stock price is around 2800 13. Who will subscribe to FPO when they can buy shares much cheaper from the Market? 14. Also over the weekend Adani has come up with a 450 page report addressing one by one the allegations made by Hindenberg. 15. I haven't
Comments