- U.S Markets were down 1.5% Yesterday
- All Asian Markets are also Trading Negative.
- SGX Nifty Currently trading 1% Negative.
- Retail Investors are behaving Smart. They are selling at higher levels and buying at lower levels.
- From last 10 Days DII's have sold more than 7000 Crores.
- Retail Shareholding in HDFC Bank has also increased Significantly
- Number of retail shareholders in December 2019 quarter was 8.7 lakh whereas March 2020 quarter was 12.5 lakh, a jump of 40-45%
- Yesterday was a bit Unusual. All Nifty 50 Quality Stocks fell. In last wave of selling all Quality Stocks fall.
- It would be fair to say that Investors should not expect any returns in Year 2020.
- Corona Virus Pandemic will leave us with many Unsolved issues. (If this ever leaves)
- Government has Announced that Few Selected Activities would be allowed after April 20.
- These include Farming , E-commerce , Fisheries etc.
- Yesterday despite the Market falling so quick Put Option Premiums were not rising Proportionately due to Falling VIX.
- Today is Weekly Expiry & decay in Option Premiums would be faster.
- Option Buyers are advised to Trade in "23rd April" expiry Options.
- Time is in your Favour when you trade higher timeframe options specially on the days on Expiry.
- Expecting a Rangebound Market today as well with Slight "Negative Bias"
- Nifty is likely to Expire between 8700 & 9100
- 9300 Level on Nifty would act as a Big Resistance.
- We fell 3-4% Yesterday from that Zone very Rapidly.
- So today its likely to be "SELL ON RISE" market.
- Rallies closer to 9000 & 9100 could be sold into as risk reward turns in your Favour at these levels.
- PSU Banks & PVT Banks , Cement Stocks look Weak and can be used for Short levels for Intraday Basis.
- Markets not reacting to any Incremental News related to Corona Virus front.
- So don't link such News to Market and specially not for Trading.
- Sold 8600 Nifty PE & 9200 Nifty CE Yesterday.
- Sold 17000 PE &21000 CE on Bank Nifty Yesterday
- Will Square off / adjust Positions related to Market Movement Accordingly and will continue to focus on Option Selling today.
- Option Buying may Emerge in 2nd half as it Emerged Yesterday. So be Watchful for those as well.
- Consult your Financial Advisor & Trade on your own risk
- stockmarketadvisory.in
U.S Markets closed higher yesterday. Most importantly , S&P 500 VIX crashed 10%. There was huge Volatility in global markets due to Fed event. Markets remain volatile only when they have topped out or have bottomed out. Right now I feel we have bottomed out at 16850. Asian markets are slightly lower now. Dow futures are lower. SGX Nifty is at 17500. Finally , the most awaited day has come. Budget 2022 is going to be presented today. Expectations are of a good and stable budget. Reasons are the Elections coming up and LIC IPO in March. Govt very well knows if LIC IPO has to go through , Market sentiment has to be good. Without good market spending it would be very difficult for IPO to go through. Market had already fallen a lot before the budget. Although we have rallied in last 2 days but still we have some upside left. Though I feel it's not favourable to chase today's gap up. Today's gap up is a good opportunity to book profits those who carried longs. Bud
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