- US markets closed in a Flat Terrain Yesterday.
- Asian Markets are also Mostly Flat.
- SGX Nifty is about 30-40 Points higher trading near 9440.
- Bank Nifty Outperformed Nifty Yesterday.
- Yesterday Market Opening , Nifty was Flat whereas Bank Nifty was up 300 Points.
- The reason is IndusInd Bank , Inspite of Posting Bad Results stock rallied 17% Yesterday.
- IndusInd Bank Profits fell more than 75% but still it was the Star Performer Yesterday.
- I always say it's very Difficult to predict and trade on results because Market gives Unexpected Movement.
- Many Short Positions were built in IndusInd Bank as all were Expecting negative results.
- All the Shorts were taken to cleaners and due to short covering the stock rallied even more.
- Axis Bank Declared results Yesterday & the results were average.
- Any Big Movement on this stock will again have an Impact on Bank Nifty.
- As Im been saying from quite some time now , i dont expect to go much lower in this Expiry.
- Economy is Weak , Corona Virus cases are rising but Markets are rising , how?
- Well this remains the Question that most people want an answer for. If you want to know the Detailed answer WhatsApp me Personally at 07719887348 ill make a seperate Blog on this.
- So our Job as a Trader is to understand the message what market has to offer and the message is simple , this is a buy on dip market.
- This is not a runaway Market in which Market keeps making highs everyday. Slow trending upward market which is giving good Opportunities to enter into.
- Higher Range of 9400 was crossed Yesterday so Markets can go to 9500 from here.
- Keep building your Positions on dips & wait for the Markets to reward you on the up side.
- Shared SBI Expiry STRATEGY Yesterday and that Strategy is working quite well now.
- We are already in 3rs profit per lot & would look to exit it today with around 4rs profit per lot today.
- Holding on it on Weekly , Monthly Expiry might turn risky as Stocks can give big Moves due to Expiry.
- Bought 9500 CE , sold 9550 CE , 9600 CE , 9650 CE.
- Sold 9000 PE , 8950 PE , 8900 PE , 8850 PE , 8800 PE.
- All my Trades are of April Expiry only.
- Nifty is likely to trade between 9300-9500 today.
- India VIX continues to fall & is now below 38.
- Most of the times the Trend on the first few days of Expiry continues till the Expiry.
- Trade on the Message which your Trading Screen & Markets are giving & not whats going on in your Head.
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- Reminder - WhatsApp me Personally at 07719887348 if you want me write a Blog on " WHY MARKETS ARE HEADING HIGHER EVEN WHEN THERE IS EXCESSIVE NEGATIVE NEWS " will make a seperate Blog on it If I see Considerable sum of people are Interested for the same.
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
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