- US markets closed on a Mild Positive Note on Friday.
- Asian markets are also Mildly Positive.
- SGX Nifty is down 60 Points & Trading Near 9085.
- News Came over the Weekend that Lockdown has been extended all over the Country upto 31st May 2020.
- On Friday FIIs sold Greater than 2200 Crores.
- The FII Data Clearly Indicates that they havent liked the STIMULUS package from the Government.
- On Friday , Nifty again had a Retest of 9050 but reversed from there.
- Market is in a Consolidation Mode in May Series & Boundaries are not easy to be taken away.
- Meanwhile Reliance Industries has bagged another Cheque from General Atlantic (U.S Company ) for 1.3% stake in Reliance values at ₹6598 crore.
- This is the Fourth Cheque bagged by Reliance from the beginning of this Lockdown.
- Reliance is a stock which everyone should have in their Long Term Portfolio & can start Accumulating on small Declines / Dips.
- Markets are not ready to React on any Short term news being thrown on it for now.
- Currently , Im neither Bullish nor Bearish.
- If we get a closing below 9000 or above 9500 on Nifty then I will turn Bearish or Bullish.
- As Long is this Range Continues I am Neutral.
- Surprisingly , even when Markets are Negative the Call Premiums are Significantly higher Compared to Put Premiums.
- This Indicates that we might not fall Significantly from here.
- Sold 210CE , 200CE , 190 CE &150 PE for SBI May Series.
- The Trade now is to play for a Reversal in Nifty from it's lower Range of 9000-9050.
- If these levels are taken out in Intraday and we get a closing below 9000 then we can expect more Bearishness.
- Bought 9200 CE , Sold Double the Quantity for 9400 CE.
- Defence & Aviation Stocks might be in focus today as Economic Package contained some positive Outlook towards those Sectors.
- Bajaj Finance , Finserv are likely to Announce Results this week.
- stockmarketadvisory.in
1.U.S Markets closed higher Yesterday 2. U.S Futures are trading higher now. 3. Asian markets are higher. 4. Global cues are positive currently. 5. U.S Markets have made a short term bottom and now have reversed. 6. Gift Nifty is up more than 100 Points. 7. Yesterday was a big surprise to everyone. 8. Contrary to the exit Poll , things have been changed dramatically. 9. Exit Polls indicated a cakewalk win for the BJP. 10. Reality of the Ground level was entirely different. 11. There is BJP Govt forming but with a Coilition Govt. 12. Coilition Govt changes many aspects. 13. Firstly , the Govt cannot take decisions on its own. 14. It has to get approval of other parties as well. 15. This would hamper the growth prospects and future plans. 16. Last 10 years , the Government had come with a simple majority. 17. They worked freely. 18. This is a way good for democracy 19. One Govt dominating is not good for the Country , now everyone has to work for welfare of Country. 20. Com
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